Word: swifts
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Dates: during 1980-1989
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...weakened dollar has already forced up interest rates by reigniting more inflation fears. Investors are now demanding a higher return on fixed-income investments. From mid-March to the end of April, the yield on 30-year U.S. Treasury bonds jumped from 7.5% to 8.5%, a remarkably swift rise. By the end of last week, yields had surged to 8.9%, the highest level in 15 months. The Federal Reserve Board allowed rates to climb in order to prop up the dollar. Higher interest rates bolster the U.S. currency by making dollar-denominated investments more attractive to foreign investors...
...stockholders' meeting last week, management had lined up the votes to ram through its plan. In a swift 14 minutes, the reverse stock split was approved. But while the opposition lost a major battle, the war may not be quite over. For the past month the dissidents have been trying to spread their holdings to other family members and trusts so that even after the reverse split there will be more than 300 shareholders. On one day in April, three Bacardis met at Miami's airport and created 240 trusts. Management claims that these shifts came too late. Whatever...
...Meters--1. Keith Clemins, Princeton, 1:49.54; 2. Pat Swift, Yale, 1:50.25; 3. Mike Nerstheimer, Army...
...vent their spleen at the taxman. The China Daily reported last week that in several provinces testy scofflaws turned on tax collectors with bricks and knives. In Shaanxi province, the paper said, a "gang of lawless ruffians" stormed a tax office, seriously injuring several employees. Peking has vowed swift punishment for those guilty of "assailing tax cadres...
...career maturity, the movie is more a day in the life of a working Boy Wonder. Yuppies could take notes on Foster's business sense as he pours over corporate reports, works late nights, and brashly persuades stodgy, old executives into backing his bold initiatives. He is even a swift jogger in a coat...