Word: stillness
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Dates: during 1970-1979
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...widespread ambivalence about the return of electroconvulsive treatment was evident at a psychiatric conference this fall in Britain. While demonstrators picketed outside the meeting carrying placards reading ECT WAS APPROVED IN BUCHENWALD and CONTROL PSYCHIATRY WHILE YOU STILL HAVE A MIND TO, doctors inside reported that fully half of ECT patients questioned in a survey feared the treatment less than going to the dentist...
Since the Federal Reserve action, the prime interest rate paid by top corporations has jumped another 2% beyond its previously record heights to reach 15½%, and bankers believe that it may go still higher. Interest rates on Government bonds have leaped above levels prevailing at the outbreak of the Civil War, when Confederate forces were encamped at Manassas, ready to march on Washington. The Dow Jones index of industrial stocks since early October has slumped nearly 100 points and closed last week...
...before it's higher," as new figures showed again last week. Consumer installment debt exploded by a record $4.5 billion during September to a total of $303.9 billion. The lemming-like rush of consumers into debt could force the Federal Reserve to push interest rates still higher or perhaps to begin limiting the amount of credit available...
...that, most shoppers still echo Estelle Wollman, 70, who plans to close a deal on a Sunrise, Fla., condo not far from Fort Lauderdale: "I can't worry about interest rates now. Where am I going to go? I don't want to live in a rental any more, with its $50-a-month increase every year." Over the long term, it seems that demand-and prices-for condos and co-ops will be stronger than for housing in general...
...just a few hours last month, the price of 30-year Government bond fell two points-from 91% of face value to 89%-and bond dealers lost $20,000 on a mind lot $1 million purchase of the issue. In this environment, corporations are forced to raise interest rates still higher to attract new customers. Since the beginning of September, rates on the best corporate bonds have climbed from...