Word: accounting
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Dates: during 1960-1969
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...turning her fierce, polemic prose on everything she saw, particularly the Americanization of Saigon ("a gigantic PX") and the moral corruption that, in her view, followed. Now it is North Viet Nam's turn. Last week the New York Review of Books published the first installment of her account of a recent 18-day visit. She was a special guest of North Viet Nam, and it shows. Her report reads like the journal of a house guest in the home of an extremely touchy host: "I felt that it would be somehow impolite to express my curiosity...
...year system will act as a clearinghouse for transactions involving stocks held in "Street name" -those that investors leave with their brokers rather than hold in their own names. Although no more than 15% of all stock certificates are kept in Street name, these account for 70% of all Big Board trading. Under the new arrangement, they will no longer have to be counted, sorted and delivered by hand, but will be held by the exchange...
...rest of the stocks will be deposited in alphabetical order by the end of the year. Utilizing three IBM 360 computers and employing 500 office workers, the C.C.S. will handle transactions in much the same way that banks clear checks. When stock is traded, its computers will debit the account of the firm doing the selling, credit the account of the buyer. Transfers will thus be recorded as bookkeeping entries, with no certificates actually changing hands...
...account of the state of the drama can ignore the society around it, since the theater is the most social of all art forms. Drama of sweep and scope makes large statements about the nature of life and refracts the temper of the times. All the great ages of theater have possessed a vaulting image of man, and an absorptive, undeviating concern with his destiny. "In apprehension, how like a god" is not casual Elizabethan rhetoric, but the supremely assured recognition that man is the noblest, grandest creature that walks the earth. And what does contemporary U.S. society...
Still another totally recalled English boyhood? One more sensitive child of privilege weaning himself from old Nanny and stumbling gamely onto the fields of Eton? Not at all. V.S. (for Victor Sawdon) Pritchett's brilliantly belligerent account of his first 20 years is about as far as a memoir can get from the usual look-back-in-languor...