Word: interest
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Dates: during 1960-1969
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...little reason to expect opposition when the 57-year-old judge was nominated for the high court in August. Haynsworth had served on the Fourth Circuit Court of Appeals for twelve years, and had done little to arouse adamant opposition. During confirmation hearings, however, liberal Senators raised conflict-of-interest charges. They showed that Haynsworth had failed to disqualify himself in two cases where he had financial interest: a 1963 case between a union and a firm that did business with a vending machine company partly owned by Haynsworth, and a 1967 case involving the Brunswick Corp., whose stock Haynsworth...
...avant-garde down. After listening earnestly to each of the four sides, Williams solemnly reported that sides two and four consisted entirely of single tones, "presumably produced electronically." Their pitch, he noted, varied by microtones and "this oscillation produces an almost subliminal uneven 'beat' which maintains interest." Added Williams: "You could have a ball by improvising your very own raga, plainsong, or even Gaelic mouth music against the drone...
Fictional Rate. That pressure last week brought a further rise in interest rates from their already towering levels. High-grade utility bonds were offered in Wall Street at a record 8.9% yield. William F. Butler, vice-president of the Chase Manhattan Bank, says that banks are refraining from raising their 81% prime rate on business loans only because they fear "the wrath of Congress." The prime rate is an increasingly unreliable guide to borrowing costs anyway. Growing numbers of borrowers pay as much as 10.6% interest on loans officially made at the prime rate, because banks are strictly enforcing...
...talk last week to the National Foreign Trade Convention in Manhattan, Stans also promised U.S. exporters additional measures of practical aid. One would add some $750 million to the Export-Import Bank's funds. Exporters can now borrow only limited amounts at the bank's 6% interest rate, and must finance the rest of their sales with private loans at 9% or more. Many foreign competitors can borrow all they need from their governments at low rates-and save a crucial 1% or 2% in financing costs. A second measure would allow U.S. corporations to defer income taxes...
...group, seven assistant managers, two student conductors, a drum major, a librarian, a props manager and "Mom." "Mom" is Alice Tondel, a Cambridge artist who acts as chaperone, Band artist, and general friend. Her son played in the Band while Malcolm Holmes was director, and she has retained an interest in the group over the years...