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...After hastily leafing through advance copies of the article, which had already been circulating on Wall Street, the Big Board's bosses decided it would be unwise to expose the shares to the uncertainty that the article could cause. Columbia's stock, which had sold at a high of 20??? last December, was down to 14? last Thursday in the wake of the scandal involving David Begelman, 56, the former president of its film and television divisions; the shares had fallen another point on Thursday, in anticipation of the Times article. Begelman, after admitting to embezzling more than...
...states and five territories, at a cost of $135 million; the spectrum of languages sweeps from Aleut in Alaska to Yiddish in New York. Meanwhile, at least ten states have passed legislation mandating bilingual instruction in those school districts with a minimum number of children?usually ten to 20???who speak a foreign language and are seriously deficient in English...
...Venezuela, badly in need of more oil income to pay for instant industrialization projects, were making weak requests for an increase of 5% or so. They argued that a boost was needed to make up for worldwide inflation and the dropping value of the dollar, which has cost them 20?? per bbl. this year...
...American Oil Co. Oil prices were relatively low?$1.40 to $2 and the governments' take ranged from 20?? to less than $1 a bbl.?because Middle East production costs were modest, oil was in surplus in the world, and the producers' governments were weak and disunited. Company earnings were huge. When supplies tightened and producers began to get together in the late 1960s, the governments' split of production profits rose from 50-50 to 67-33. Even before the price rises since 1973, Middle East governments profited nicely from oil; Saudi Arabia's take from 1965 to 1972 totaled...
Like many legislatures, Indiana's insists that prisons make a profit. Last year Indiana State Prison turned out 3.5 million license plates, among other things, and netted the taxpayers $600,000?no problem when inmates get 20?? an hour. Inmates also provided the prison's few amenities. Many cells are jammed with books, pictures, record players and tropical fish in elaborate tanks. There are two baseball diamonds, three miniature golf courses, tennis, basketball and handball courts?all equipment paid for by the inmates' recreation fund...