Word: buying
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Dates: during 1960-1969
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...Securities and Exchange Commission had charged Thomas S. Lamont '21 had used the information to buy stock in the company that owned the deposits, the Texas Gulf Sulphur Company...
They do indeed decline if most of the whites in a neighborhood stampede to another area as soon as Negroes begin moving in. The chief profiteer from this process is the "panic peddler" or "blockbuster"-the real estate agent who buys cheap from frightened whites, sells dear to Negroes who cannot buy anywhere else. (Last week's bill specifically prohibited blockbusting by making it unlawful for real estate agents to coax homeowners into selling by alarming them with stories of a Negro influx.) Wherever white residents resist the impulse to get out and cooperate in integrating a Negro family...
...rates in decades. Chief victims of this trend are the blue-chip stocks, eminently reliable but yielding relatively low returns. "Why," asks Atlanta Broker M. E. Ellinger, "should an investor put money in the stock market and get a return from A. T. & T. at 3½% when he can buy Trust Co. of Georgia savings certificates at 5%?" As a result of this attitude, dollar losses among many blue chips have been staggering. G.M., already hit by Ralph Nader and the auto safety hearings, went from a high of 113¾ last October to a 1966 low of 78? last week...
...million toward the purchase of six Boeing 747s, the jumbo jet (up to 490 passengers) that will go into service in late 1969. The government gave BOAC a go-ahead. Already under fire because its British-made equipment has developed maintenance bugs, BEA asked that it be allowed to buy $224 million worth of Boeing 727s and 737s, both relatively short-range but highly economical jets. BEA got turned down cold...
Minister of Aviation Fred Mulley announced in the House of Commons that instead of its Boeings, BEA must buy made-in-Britain aircraft, with a choice between the Hawker-Siddeley Trident III, the Vickers VC-10 and the BAC-One-Eleven. The equivalent number of British airplanes would cost BEA about $56 million more than the Boeings, but, said Mulley, the government itself would make up the difference. Hearing the news, BEA Chairman Sir Anthony Milward, who holds his job only at the pleasure of the government, bleakly announced that the company's initials should no longer stand...