Word: weekending
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Dates: during 1970-1979
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...weekend, in short, was both Bougas and bogus...
...WEEKEND RESULTS...
Historically, bonds have been difficult to sell at a time of rapidly rising interest rates. The IBM paper carried a yield of 9.41%, whereas even the new Treasury notes and government bonds returned fractionally higher interest. Also, over the Columbus Day weekend, rumors began to circulate that IBM's third-quarter earnings were down. In fact, as announced late in the week, they fell 18%. The unsold paper, possibly $300 million worth, was dumped on the open market, where it fared badly. IBM's timing ignored a hoary Wall Street axiom: "Never commit yourself to a major issue...
...pace was more appropriate to October 1980. There was Jimmy Carter zipping from an S.R.O. press conference in Washington to Albuquerque, San Diego, and then back to the White House for a two-hour weekend phone-in that was broadcast by National Public Radio. Back in the capital barely long enough to refuel Air Force One, he will be off politicking again this week-in Kansas City, Chicago and Boston...
...concrete terms, the weekend vote -held in 67 Florida counties, from the rural panhandle to the posh Gold Coast-was a meaningless preliminary to an equally meaningless straw vote that will be held in mid-November to sample presidential preference. None of the rivals will collect a single vote good for the 1980 nomination; the March primary will determine that. Yet the practical irrelevance of the exercise did not keep the forces of President Carter or Senator Edward Kennedy from spending extravagantly. "Florida for Kennedy" will have laid out $175,000, Carter $250,000. What they hoped...