Word: accounting
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Dates: during 1960-1969
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...implementation of the Administration's Viet Nam policy, but not its broad goals. He promised to spell out later his own "ways and means" of bringing the war "to a quicker conclusion." In Concord, where Nixon gave his first major speech of the campaign, he held L.B.J. to account not only for failure to end the war, but for crime, racial tensions and economic problems as well. "I don't think America can afford four more years of Lyndon Johnson in the White House," he said...
...many cases, such "inside" information reflects a broker's rationalization, a story confected for customers to account for a swing in paper profits. Or it follows a line laid down by overnight experts-financial writers required to fill columns of type with solemn economic logic to explain short-term market moves that may reflect neither economics nor logic. Too often, day-to-day stock gyrations obscure a basic fact: markets are made and moved over the long haul, not by vague forces but by the conscious decisions of men. The important question is not what makes stocks move...
That influence is rapidly expanding. Institutional investors now account for at least 35% of the trading on the New York Stock Exchange, and the proportion will be up to 50% by the mid-1970s. From 1955 through 1966-the latest date for which totals are available-the market value of stocks owned by institutions rose tremendously: from $9 billion to $19 billion for insurance companies, $12 billion to $37 billion for mutual funds, and from $6 billion to $38 billion for pension funds...
...company has acquired two macaroni firms (San Giorgio and Delmonico Foods), a French Canadian baking company (David & Frere, Ltée.) and, for $23 million two months ago, the Cory Corp. of Chicago, which makes coffee brewers, appliances, pens and automatic pencils. Non-candy operations will soon account for 35% of Hershey sales...
...solution to the problem, Leahy said last night, will have to take into account two problems that Leahy feels are inevitable. First, Congress is not likely to yield its prerogative for debating each appropriation to the government scientific agencies. The other difficulty, he said, "is simply that a recipient of government funds must account for that money some...