Word: sky-high
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...England Telephone's $175 million of bonds will yield 8.65%, a sky-high rate by historic standards but well below the record 9.35% rate on a New Jersey Bell offering in mid-June. Some other interest rates have shown even greater declines over the same period; the average yield on tax-exempt bonds issued by states and cities, for example, has fallen to 6.16% from a record 7.12%. The "federal funds" rate at which banks borrow reserves from each other is down to 6.75% from 9.75% early this year. Even home-mortgage rates have backed off a bit from...
...latest evidence seems to have convinced even skeptical economists that business is indeed about to emerge from almost a year of falling production and profits, fast price rises and sky-high borrowing costs. Lionel D. Edie & Co., a New York economic consulting firm, cautioned clients in mid-August that the indicators showed no clear signal, but its latest advisory predicts a recovery starting in the fourth quarter. Dr. F. Thomas Juster, vice president of the National Bureau of Economic Research, which decides what business movements should be deemed "recessions," says he now doubts that the bureau will call the present...
...Cambodia. "It was something," reported an American who watched the ARVN 21st Division roll into Can Tho after three weeks across the border. "They were throwing handfuls of Viet Cong money to the people from their trucks and armored personnel carriers as they came through town. They were sky-high." ARVN armored columns were blithely plunging 50 or more miles into Cambodia. Streaking across the Cambodian flatlands like so many pocket Pattons, they liberated towns and hurtled far beyond the range of their U.S. advisers, artillery and helicopter support. In addition to their impressive mileage, they rolled up some astounding...
...excellent physical condition and the team is psychologically "up" for tomorrow's finale. For one of the few times this season, all of the Crimson's top swimmers will compete in three races, and one Yardling summed up the team's attitude Wednesday by saying, "We are sky-high...
...Penn upset Harvard 5-4 for its first victory ever over a Crimson squash team. "I never saw a squad so sky-high following a victory." coach Jack Barnaby recalls. That single loss dropped Harvard to its worst finish in Ivy history-second place...