Word: yieldingness
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Understandably, the experience has in stilled in Konig a morbid determinism that makes the Goncourt brothers look like Harpo and Chico Marx: "Gone now are February and March, season of drowned men, when ice on the frozen rivers melts, yielding up the winter's harvest of junkies, itinerants and...
TIME reported Howard Hughes' holdings as being worth $2.3 billion. If you converted this to cash and then invested it in municipal bonds yielding 7½% tax-free interest per year and started spending $100 per day to lease a home, $100 per day for servants, $200 per day...
The official U.S. view is that there is no reason, military or economic, not to return the 51-mile-long canal. Neither supertankers nor the biggest U.S. aircraft carriers can squeeze through it. Yielding the waterway, moreover, would remove a major irritant in U.S. relations with Latin Americans, who have...
Last week one of the pioneer REITS, Boston-based Continental Mortgage Investors, the nation's second largest, provided the latest example of how bad things have become in the REIT industry. It announced that it would default on $551 million in interest and principal payments now due on its...
The other part of the rescue package involves further loans from city and state banks and retirement funds. Banks are asked to roll over $500 million in city notes, and city pension funds would renew a similar amount. The pension funds would also buy another $2.5 billion in city securities...