Word: buying
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Dates: during 1960-1969
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...Tribute paid by the English to buy off Danish invaders in the 10th century. Kipling's moral: "The end of that game is oppression and shame,/ And the nation that plays it is lost...
...Secretary-Treasurer Walter Burke, feel considerable pressure from their own rank and file to settle peaceably. Under an interim agreement, management has been putting in escrow 11.50 an hour for every steelworker since May 1, and once the contract is signed, each worker will collect about $80-enough to buy a portable TV set or put a down payment on a used car. Abel himself is eager to make a statesmanlike impression in his first real test since wresting the presidency from Dave McDonald, knows that a reasonably sweet settlement would enhance his reputation far more than a disruptive strike...
...sign of the investment mood was that the short interest as of mid-July hit an all-time high of 7.2 million shares. When an investor goes short, he borrows stock and sells it, figuring that it will drop and he can later buy it at a lower price. A large amount of short selling suggests that investors are bearish; but for the longer term, it serves to support and lift the market because the short sellers eventually have to buy stock to cover what they borrowed...
Positive Feelings. So is ABC-so far. "I have no sense of urgency," said Simon. "We will keep on buying so long as it is a good buy." He insisted that he did not want a director's seat; that Goldenson "leaves me with quite positive feelings about ABC and its future." Television executives, however, remembered the cases of McCall Corp. and Wheeling Steel, in which Simon followed the pattern of investment-takeover-management upheaval. Goldenson seems secure in his job so long as ABC, in an industry that shifts more swiftly than sand, keeps its share of viewers...
France is hardly alone in questioning U.S. economic primacy. The continental nations generally would like to see the role of the dollar reduced in international finance. Policymakers in West Germany, The Netherlands and Switzerland have proposed or supported measures that would reduce the ability of U.S. businessmen to buy into their industries. Even the Common Market's Eurocrats, who oppose De Gaulle, believe that by building a united Europe they can create an effective counterbalance to U.S. economic power...