Word: solids
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Dates: during 1980-1989
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...Fund, a unit of American Express, had $48.9 million at risk, and Kemper had $24 million. None of these companies, however, has fallen into financial trouble. Says an Aetna official: "Our losses will not be insignificant. But our other assets are very secure, and our foundation is very, very solid." Aetna's Nos. 4 and 5 bonds represent little more than one-tenth of 1% of its $44 billion portfolio...
Investors snapped up the bonds partly because they seemed to have the solid support of Government agencies. Securities financing the first three plants were backed by the Bonneville Power Administration, which has responsibility for making payments on the debt. To meet that obligation and other costs, BPA has boosted the rates it charges Northwestern utilities by 148% since 1979. The federal agency says it will raise rates further, if necessary, to pay off the bonds, even if only one of the plants is ever finished. Problems could still conceivably arise, however, for owners of Project 1,2 and 3 bonds...
...Robert Packwood of Oregon and in the House by Democrat John Dingell of Michigan would nullify the FCC action and place surcharges on long-distance phone companies in order to restore some subsidies for local rates. The legislation, which would eliminate the FCC's planned extra charges, has solid support. Politicians know that as soon as phone bills back home jump, phones in Washington will start jangling off the hooks...
...only means that Japanese collectors (not that there are many) ignore the work of contemporary Japanese painters and sculptors, which is why there are some 1,500 emigre artists from Japan working in New York City today. Those who make a solid reputation on the American art scene, like the painter Shusaku Arakawa-a highly intellectual artist whose half-conceptual, half-painterly work is, as one American critic put it, "haggard with self-consciousness"are much envied in Tokyo. But the most admired living artists are all Western, with Jasper Johns at the top, closely followed by Christo, whose island...
...Smith, a position he subsequently held for three years, until ABC--seeking a ratings boost--replaced him with the more avuncular Harry Reasoner. But since resuming anchor duties on ABC's revamped news program in 1978, his friends continued, Reynolds had helped pull the once-struggling network into a solid second place behind long-dominant CBS. And finally, they said, ever since--because?--Reynolds took ill several months ago, World News Tonight had dropped to last place in the all-important Nielsen ratings...