Word: cash
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Dates: during 1960-1969
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...Even the bankrupt New Haven has found a partner. Two days after last week's Penn-Central finding, in accordance with the examiners' recommendation, the two roads agreed to take over the New Haven's red-ink freight business for $140 million in stock, bonds and cash. They want no part of its commuter business, which lost $11.5 million last year on 25,000 daily passengers to New York and Boston. In approving the proposed sale, the ICC examiners hinted that New York, Connecticut, Rhode Island and Massachusetts should find some way to subsidize commuter service...
...Sunday, April 4, and Saturday and Sunday, April 4, and Saturday and Sunday, April 10 and 11. Between April 5 and April 9, Kresge Dining Hall at the Business School and the Harkness Commons Dining Hall will be open to students. Meals may be paid for with coupons or cash at transient rates. All dining halls will re-open on Monday, April...
...Portugal, the cash is hardly worth the loss in manpower. Whole villages have been left without able-bodied men, large tracts of farm land are lying idle, and the Portuguese press has begun to warn that tens of thousands of marriageable women face futures of spinsterhood. Salazar hoped to stem the tide last year by allowing a limited number of laborers to emigrate to France legally. Some 20,000 applicants left under the new labor scheme; but nearly 30,000 others took the illegal road with the smugglers...
With the use of such "new tools" as rent subsidies to displaced families and cash payments to displaced small businesses, there will be "a lessening of the relocation load, and greater preservation of existing neighborhoods," Weaver explained...
Such a philosophy obviously has built-in risks. Kaiser has taken on an extraordinarily heavy debt load, which both limits the payment of cash dividends and makes the company vulnerable to any severe recession in the future. Last year his engineers lost $16 million, largely because a Kaiser dam in Greece was washed out by floods. A dike-building project in Israel was damaged when the Dead Sea overflowed-for the first time since the days of Moses. Other businessmen often wonder why Kaiser is deeply committed in such unpredictable areas as Latin America (where Kaiser-Willys is the continent...