Word: stemmed
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Dates: during 1960-1969
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...applied label that sticks to those who examine the megaton-megalopolis age and find it funny only in a fearsome way. In Catch-22, now a classic of its genre, Joseph Heller presents an American pilot who would bomb his country's bases for "cost"plus 6%." In Stem, Bruce Jay Friedman deflates the American concept of the hero by making his anti-hero a round-shouldered, wide-hipped urban Jew helpless to handle his neighbors, his job or even his flirtatious wife ("I saw a kiss. I saw tongues"). Jews, of course, have no priority on black humor...
Some of the stock market's troubles stem from a worsening shortage of investment money. Salomon Bros. & Hutzler, a leading bond-trading house, predicted that commercial banks will have $3 billion less to put into long-term credit this year than last. With a swiftness that startled even investment men, the money shortage has driven interest rates on some new bond issues to 45-year peaks, prompting investors to sell stocks in order to buy bonds. Last week $40 million of Long Island Lighting Co. bonds went on sale with a 5.13% interest return, one of the highest yields...
...central issues in each of the meetings was whether any such decision should stem from opposition to the war in Vietnam or from a concern for the integrity of the university...
Austerity in Appliances. Trying to stem inflation and hence to defend the pound, Wilson's government also stiffened the terms for consumer installment buying-for the second time in seven months. Minimum down payments on most appliances went up from 15% to 25%; in deference to Britain's climate the minimum for stoves and water heaters remained at 10%. Maximum payment times were cut from 30 to 24 months for appliances, from 36 to 30 months for furniture, from 30 to 27 months for autos. Television sets, which most Britons lease rather than buy, will require 32 instead...
Harlem is hardly an affluent neighborhood. Yet some 232,000 people live there, making it more than worthwhile for five of New York's biggest banks to maintain branches around 125th Street, Harlem's main stem. They are Chase Manhattan (assets, $15.3 billion), First National City ($13.9 billion), Manufacturers Hanover ($7.6 billion), Chemical ($6.9 billion) and Bankers Trust ($5.1 billion). Dwarfed by these is the Freedom National Bank, which had, as of the close of last week's banking hours, precisely $9,605,878.07 in assets. Yet for all its relative puniness, Freedom National is growing fast...