Word: fiveyears
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...talking about what he regards as the Administration's general political ineptness, and with special reference to its ten-year, $39 billion highway construction program. Last week ineptness led to the defeat of the Administration road bill in the Senate, which scrapped it in favor of a fiveyear, $18 billion highway program offered by Tennessee's Democratic Senator Albert Gore...
EUROPE'S BOND MARKETS are recovering. For the first time, the World Bank placed a dollar bond issue ($50 million, fiveyear, 2½%) completely outside the U.S. Investors in 23 countries oversubscribed it by $28 million...
...case, the business of "stretching out" the $264 billion national debt, now 75% concentrated in issues maturing in five years or less, will be a long and difficult job. Nine weeks ago, Secretary Humphrey offered investors a choice of fiveyear, ten-month, 2½% bonds or short-term notes in exchange for $3.8 billion of maturing certificates (TIME, Feb. 9). The certificate holders took only $619 million worth of the longer-term issue. But as the bonds went on sale this week, it looked like a quick sellout...
Doctors cannot be sure how much they have done for Norman Bennett and others in his plight. They will not talk about a "cure," or even a "fiveyear cure" or a "ten-year cure." But they are confident that they have done a lot of good...
...last week the U.S. was putting the big plant back to work again to uncork one of the tightest bottlenecks in jet aircraft production. Pittsburgh's Allegheny Ludlum Steel Corp. and Manhattan's National Lead Co. announced that their jointly owned Titanium Metals Corp., with a fiveyear, $14,163,000 tax write-off from the Government, is converting the plant to mass production of titanium metal...