Word: interested
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Dates: during 1970-1970
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...Union (E.T.U.) workers abandoned their crippling power slowdown. While the E.T.U. power men did not give up their demands (a $13.92 increase over current average weekly earnings of $57.60), they submitted to adjudication of their wage claims by a Special Court of Inquiry charged with formally taking the national interest into account...
...polluters, the facts themselves will hit them in the pocketbook. Many Americans seem to prefer cleaner air to an extra dollar of dividend income." Alice Tepper does not pretend to be a pollution expert; she does know how to organize experts who can examine corporate performance. She first got interested in such problems two years ago while working as a securities analyst in a Boston investment firm. A local synagogue requested a portfolio of stocks in companies with minimal defense contracts. After other investors-mainly religious groups-expressed interest in getting similar information, Alice recalls, "I started thinking...
...Reserve Board had set its monetary dial at "full stop" in mid-1969. Between then and February of this year, the board squeezed the nation's money supply so severely that it rose at an annual rate of only .2%. The effect was to throttle bank lending, drive interest rates to their highest level since the Civil War, and ultimately to slow down business in general...
...Federal Reserve Bank spread news of the rescue scheme by making weekend phone calls to key Manhattan bankers. Banks borrowed heavily from the Federal Reserve, and advanced some $2 billion to cash-shy corporations. In addition, the board relaxed its controversial Regulation Q, which had limited the amount of interest that banks could pay for large deposits. Result: banks picked up $13 billion more by marketing certificates of deposit...
Since November, long-term interest rates have declined more swiftly than at any time in the last century. Rates on average-grade corporate bonds, for example, have fallen from 9.05% to 7.80%. A smaller drop in mortgage interest rates, which now average 8.45%, has helped builders to increase the annual rate of housing starts by 59% from January to November. The main force behind the housing rebound, however, has been an astonishing rise in federal subsidies and loans. About one-third of the houses and apartments built this year received some federal subsidy, and next year close to half...