Word: arrows
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That is, until last Tuesday, when Kenneth J. Arrow, Conant University Professor, released a letter stating that the ACSR had overestimated both the short-and long-term costs of divesting of all stocks in companies having a minority of their operations in South Africa (MOSAs...
...Arrow said the negative response of the market would not be so great as the ACSR predicted. "Since Harvard is only a very small part of the market, it is extremely unlikely that if the University sells its stock over a long period of time there would be an effect on the price of stock," he said yesterday...
...figure may be accurate, but the high figure is "distinctly too high," Arrow said yesterday, adding "something is funny with" the ACSR's conclusion, based on studies by Stanford and Princeton, that MOSA stocks yield higher returns...
...Although Arrow examined the ACSR's estimates at the request of the Southern Africa Solidarity Committee, he said yesterday, "I am not really inclined to favor divestiture on a large scale." Regardless of Arrow's personal convictions, his letter has convinced many that divestiture may be far less expensive than the ACSR said...
...more indicative of the childish apathy of college students in the 1970s than the dumb sixth-grade graffiti which has recently appeared in South House and is now spreading all over the university. In the South House elevator some childish person recently drew a Valentine heart with an arrow through it containing the names "Bert and Margie." (I have, of course, changed the names.) A few days later, regressing to kindergarten, someone had written "Bert and Margie sitting in a tree, k-i-s-s-i-n-g." Yesterday I discovered "Bert loves Margie" written in every stall...