Word: businessese
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Dates: during 1960-1969
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Over hundreds of square miles, central Alaska looked from the air like a gigantic paddy field. The Chena, whose flood level is pegged at 12.1 ft., on the fifth day of rain crested at 18.8 ft. at Fairbanks. The downtown shopping district was deluged. By Mayor H. A. ("Red") Boucher...
The foundation, therefore, can often afford to pay a substantially higher price in acquiring businesses than a tax-paying enterprise. To eliminate this unfair advantage, the Treasury Department has recommended legislation requiring private foundations to dispose of substantial business interests which are unrelated to their exempt activities. Congress has not...
The abuse of industrial development bonds is a good example of how a well intentioned system becomes distorted. The system first developed in Mississippi 20 years ago. A city will borrow money to construct a building and then lease the structure to a private corporation. Because the city bonds are...
Chicago's "Jobs Now," as one of its founders explains, concentrates on "the kids who can strip a car in ten minutes but can't pass a mechanical-aptitude test." Half a dozen churches with predominantly Negro congregations have rehabilitated apartments in communities from Cleveland to Kiloch, Wis...
If They Are Right. Securities underwriters still foresee a heavy demand for money in the weeks ahead. "Everyone is coming to the market at once," frets Partner Herman Kahn of Manhattan's Lehman Brothers. "And not merely in the U.S., but worldwide." Later in the year, however, most bond...