Word: cash
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Dates: during 1960-1969
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...eyebrows: "In a culture as rich as ours, art gets bastardized. Pop artists had a keen thing going until they let the dealers in. As a result, the span of life for pop art has been cut in half." With hundreds of sec ond-rate artists now trying to cash in, Millionaire Collector John Powers warns: "It is easy to be deluded by camp followers. The public is buying a lot of bad copies of truly creative work...
...some basic business principles to once-floundering Monogram: they cut costs, fired unproductive employees, eliminated worthless products while bol stering a profitable line of recirculating toilets for aircraft. Stone had acquired this talent shortly after graduating from law school, when overnight he made a reputation - and a pile of cash - as a resuscitator of sick companies for Hous ton Fearless Corp. In 1954, the com pany split up, and he joined International Glass, a former division...
Harvard Cooperative Society members can pick up their annual patronage refund checks today, but this time the checks may seem a bit lighter than usual. The Coop cut its yearly refund rates by two per cent for this year, reducing the cash rate from ten per cent to eight per cent, and the credit rate from eight per cent to six per cent...
...participating in the plan and accepting Medicaid patients. Some doctors say that they cannot be bothered with the paper work and would rather treat patients free. Some are suspected of holding out (though there can be no proof) because Medicaid pays by check, whereas now they can pocket unreported cash fees. Some doctors who do participate are enjoying hugely increased incomes because now they are sought out by patients formerly kept away by pride and poverty. The biggest boom has been in dental services, for which there was a huge and largely unrecognized backlog demand. When Medicaid started, New York...
...today's market, where investors must put up 70% cash to buy stocks, puts and calls have undeniable appeal. They allow speculators to maintain a position in a stock for as little as 10% of its market value when purchased. With that kind of leverage the option buyer who guesses right can often snare a return of 80% or 90% on the comparatively small sum he risks...