Word: buying
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Dates: during 1970-1979
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Some business executives buy small computers for their companies and then take them home in the evening to play games, Alex Aaron of Aaron Associates, a software firm, said yesterday...
...John Connally's white horse is a black bull. His millions won't buy us Americans. We are not for sale...
...County, Mass. The two had been doing business together since 1975, and everything had apparently gone smoothly. According to the affidavit filed by Benedek, he had invested heavily in three separate partnership deals arranged by Straw. One was to purchase a collection of antique furniture. The second was to buy eleven paintings that included a Mary Cassatt and a Winslow Homer. The third involved a spectacular $15 million group of 31 old masters and French impressionists, including a Rembrandt, a Titian, two Renoirs and three rare Seurats. Benedek said he put up $1.5 million for a half share...
Gold fever, the most infectious of monetary diseases during times of perceived economic distress and uncertainty, is epidemic. From Zurich to Chicago, from London to Hong Kong, goldbugs are scurrying once again to buy into their favorite hedge against disaster. With people battered by inflation and recession, worried about oil and lacking confidence in leaders and cures, the gold rush of '79 has turned into a stampede as schoolboys, housewives and pensioners have jumped in along with big investors. It is a surge that bodes little good for late-coming, small investors, the fragile international monetary system, the dollar...
Much of the buying was done by speculators who had earlier bet that gold would fall, and now had to run to buy to cover their short positions. At the same time, two events added to doubts that Western policymakers would come to grips effectively with their common economic problems. In Paris the finance ministers and central bankers of the Big Five monetary powers-Germany, Japan, France, Britain and the U.S.-failed to end a potentially damaging interest rate war among them. And the International Monetary Fund issued a gloomy study predicting a worsening economic outlook...