Word: buying
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Dates: during 1970-1979
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...about half of all electricity. Shutting them would lead to blackouts and brownouts that would gravely threaten public health and safety. Electricity bills would soar, cruelly pinching low-income homeowners, as utilities were compelled to turn to higher-cost sources of energy. Some power companies would be forced to buy still more foreign oil at prices of up to $20 a barrel, fanning inflation, weakening the dollar and tying the U.S. energy future yet more tightly to the explosive politics of the Middle East. M.I.T. Physicist Henry Kendall, a leader of the antinuclear Union of Concerned Scientists, readily concedes...
...Swissair, which last month signed an order for ten planes. That was a key deal because Swissair has depended heavily on U.S. planes in the past, and Switzerland is not a member of the Airbus group or of the Common Market, and thus was under no visible pressure to buy European...
Lathière hopes the Airbus will redress an imbalance that has long irritated Europeans. Says he: "Europe buys 25% of the world's planes, but as manufacturers we get only 2% of the business. The U.S. plane industry will not suffer if its share of the world sales declines somewhat to 75%." Despite the burst of business for Airbus, Boeing has received 229 orders and options for the 767 and the 757. Moreover, before it made its Airbus buy, Lufthansa placed a $1.2 billion order for 32 Boeing 737s and 24 options, the largest plane deal ever made...
...interest will start at 6% (6.25% in savings banks) and rise gradually to 8% (8.25%) over five years; a saver who leaves $500 on deposit over the full eight years will get $386.17 in interest, vs. $244.06 in a regular 5% bank account. Savers will also be able to buy a five-year certificate pegged to the average five-year Treasury Note rate, currently 9.2%; interest on the new certificate will be 1.25% less than that rate, or 1% less if bought at a savings bank. In addition, the $1,000 minimum for certain high-interest certificates of deposit will...
...treatment of black workers. "Harvard has declared its opposition to the South African regime," said Bok, "and has pledged itself to vote on shareholder resolutions in the manner best calculated to overcome apartheid." Calling this course "the most ethically responsible," Bok referred to legal problems facing portfolio managers who buy and sell on political rather than financial grounds. Said he: "Total divestment would almost certainly cause the university to divert millions of dollars in pursuit of a strategy that is legally questionable, widely disputed on its merits, and very likely to prove ineffective in achieving its objectives...