Word: basketeer
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Dates: during 1930-1939
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...variety are conspicuous enough to have SEC brewing plans to regulate them. Most consist simply of a pool of money kittied in by numerous individuals and invested in a broadly diversified number of stocks and bonds. Advantage for the individual is that his eggs are not all in one basket. Instead of putting his money on one or two stocks, he is banking on the combined action of a great number. Commodity Corp. uses the same procedure, but instead of buying stocks and bonds, it buys actual commodities or commodity future contracts. On December 31, 35% of its portfolio...
...Third Basket: Closely-held corporations earning more than $50,000 would be subject to an additional surtax. By elaborate definition a corporation would be "closely held" if a family owned 50% of its stock or two unrelated persons owned 53%, three persons owned 56%, and so on up to ten persons owning 75%. The surtax would apply only if a closely-held corporation failed to distribute less than 60% of its profits. And while the rate would be 20%, the surtax would be figured on a different base with a number of heavy credits. In most cases the surtax...
Thus last week experts reckoned the best teams in the country as college basketball reached midseason. Because there is no national championship, the question of who plays the best basket-ball is one that perennially and profoundly agitates thousands of pool rooms and fraternity houses throughout the U. S. Each section of the country claims superiority, and the more pretentious teams usually spend Christmas vacation on a junket trying to prove it. This year basketball fans had an additional cause for controversy: the new centre-jump rule...
...goal centre jump, distinctive maneuver of the game. This year, under the new rule, the ball, instead of being brought to the centre and tossed up after each goal, is automatically given to the team just scored on-for a throw-in from out of bounds just under the basket. This speeds up the game, adds about seven minutes of playing time, reduces the advantages of tall fellows over short ones, results in more spectacular tries for baskets and larger scores...
...seems that this rule was adopted last year when a girl found a fire blazing in her waste basket. Guided by the motto "Save a minute and save a house" she tossed the burning contraption out the window. But it landed right in front of a passing professor, who computed that a good fire and a professor's life were more worth saving than a minute and a house, and thus began the rule...