Word: bondses
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Despite the dollar's steadying at week's end, no one could be sure the improvement would continue. The bleakest aspect of the fall is that no measures designed to strengthen the dollar seem to work any more. The U.S. at the start of the year began buying...
Washington, he counsels, should borrow large new sums, both from foreign governments and private lenders abroad. The amounts should run to many billions, "greater than what we think will be the likely needs." These bold borrowings should be concentrated in German marks, Swiss francs and other surging currencies. In fact...
The committee also decided at its last meeting not to advise the Corporation to adopt a general investment policy of refusing to purchase stocks or bonds in any banks operating in South Africa. Harvard now owns $17 million worth of bonds in such banks, which will mature in June.
The SASC also called on the University to sell its almost $17 million of bonds and other short-term notes in banks lending money to the South African government. The University last week sold some of its stock in such banks for "financial reason."
Harvard still owns about $16 million in bonds and short-term certificates of deposit in three banks operating in South Africa, although financial officials for the University say all these notes will be paid off by June.