Word: chips
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Dates: during 1970-1979
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...last few minutes of the game, Harvard regained a little of its earlier intensity. Villar almost banged home a beautiful, soft Walter Diaz chip with his knee and thigh but Coombs managed to come out to block the ball. Right before the whistle, captain and fullback John Sanacare, pushing forward for only the second or third time in the game, launched a cross that Keller-Sarmiento flicked with his head and Coombs had to tip over...
Overall the Crimson appeared to adjust to the less-than-favorable conditions better than the Polar Bears, whose short-wall passes were not as effective as Harvard's long chip shots...
Pension fund managers, struggling to keep their pots of money intact, have begun to look beyond the blue chip stocks and bonds in which they have traditionally invested. In June the Government eased the rule limiting pension fund investments to only those that a "prudent man" would make. Now pension funds can invest in real estate or gold or even Picassos and Chinese porcelain. Eastern Air Lines pilots have almost 10% of their $250 million pension fund in Atlanta warehouses, Kansas City shopping centers and Southeastern forests. Such investments seem attractive at a time of rising prices for tangibles...
...founded with borrowed money in Quincy, Mass., in 1925 by Howard D. Johnson, the present chairman's father, who died seven years ago at 75. The business prospered largely on the strength of its butter-rich, multiflavored ice cream (calorie count: 160 for a rounded scoop of chocolate chip). Eager to expand but unable to raise much cash during the Depression, Johnson in the early 1930s became a pioneer in the practice of franchising (though today the company owns some 75% of its restaurants). Later the firm plunged into motor lodges, three-quarters of which are franchised...
Other factors also contrive to make the market look fairly attractive. The last two bull markets started during recessions, after interest rates fell and investors began to sense recovery ahead. Also, stocks now are cheap. Corporate profits have almost doubled in the past four years, but many blue-chip stocks of big, old companies are selling at mid-1975 prices. The increasing number of corporate takeover bids suggests how undervalued they are. The Dow industrials are selling at 93% of book value, the worth of the assets minus the liabilities and divided by the number of shares outstanding. Thus...