Word: contend
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Many brokers contend that it is right because the small investor does not pay his way. James W. Davant, managing partner of Paine, Webber, argues that the cost of handling stock transactions is rising so rapidly that brokerage houses lose money not only on the odd-lot business but also on the average "round-lot" trade of 100 shares or more. "It is unprofitable to serve the investment needs of the small investor," he says bluntly. Brokers make money on the really big trades-and those profits too have been...
...monolithic uniformity in ritual and belief has been the unique glory of Catholicism-at times, even, its salvation as a definable entity. Even Protestants dissatisfied with what often seems to be the spiritless confusion of their own churches would contend that Catholicism should profit by the Reformation but not use it as an example. For better or worse, millions of Catholics like the church...
...under prodding from abroad, the British have been pondering whether to rely more on controlling the money supply to regulate the pace of business. During the second quarter of this year, the amount of money in circulation rose at the inflationary rate of 10% a year. Many economists now contend that this was an underlying cause of the worrisome consumer-spending spree. Argues London's influential weekly, the Economist: "The British government's views on money supply are completely out of date...
...Policy Committee does not contend that ROTC instructors do present biased views in an attempt to put forth any particular ideological or policy view. Further, the military discipline to which the ROTC member must submit during his summer obligations and during his term-time marching and other training obligations does not extend to the class-room, and no uniforms are worn by ROTC members in classes. It is conceivable that in a ROTC course there would be the greatest freedom of expression and no attempt to propagandize and particular policy view. Each ROTC instructor must decide for himself...
...should not be made appealing at the sacrifice of essential principles of the liberal arts institution, especially when the basis of their appeal is unclear in the first place. Colonel Pell is concerned about a potential "disservice to the maintenance of the national defense establishment, as now constituted." We contend that any aspect of the status of ROTC at Harvard which is a disservice to the principles of the liberal arts institution cannot possibly be a true service to the national interest, for whose physical protection a national defense establishment exists. At present the ROTC programs render a disservice...