Word: coverer
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Dates: during 1950-1959
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...post-Nixon" Latin American emphasis and your excellent Muñoz Marin cover story [June 23]: many Americans, enchanted by the cultures of Spain or France, ignore or even deride an almost identical culture to their south. To a large segment of Americans, Mexico and the remainder of Latin America is represented by dives or semiliterate braceros. This is like judging the U.S. by Coney Island or Arkansas hillbillies. Unless we make an effort to understand and appreciate the rich, proud and nonmaterialistic culture of our southern neighbors we shall have lost a major battle of the cold...
...lacy pattern of little round balls in the background of this week's cover is from a deoxyribo-nucleic-acid molecule model built at Manhattan's Sloan-Kettering Institute. The grey balls represent carbon atoms; blue is phosphorous; yellow is nitrogen; red is oxygen; white is hydrogen. Molecules do not look like this, of course. The atoms in them are much too small to be seen, even with an electron microscope. The pattern shown is a small part, somewhat simplified, of the DNA molecule, which geneticists now believe is the carrier of heredity and the chemical master...
...short at least 150,000 shares, i.e., sold borrowed stock in the expectation of buying it back at lower prices. After that, charged the SEC, they had made "false and misleading statements," and put out "bogus information" to drive down the price of the stock so that they could cover their short interest. The SEC got a restraining order in court to prevent Wolfson from what it termed fraudulent stock manipulations...
...shares, still had 300,000 to go. Another Wolfson associate got out a statement the same day saying that Wolfson confirmed this. The news knocked the price of A.M.C. stock down 1⅛ points to 11⅝, and about 50,000 shares were bought for Wolfson accounts to help cover their short positions before the SEC got its court order...
Contempt Charges? The SEC will argue its case against Wolfson in court Aug. 5. Meanwhile, Wolfson can cover his short position only at the risk of contempt proceedings, and any broker who aids him may face the same charge. If the short sales are not covered, he runs the risk of losing heavily if A.M.C. shares rise. At week's end American Motors Boss George Romney stepped in to clear the air, also gave one reason why the stock may well rise. American Motors had no way of knowing that Wolfson was disposing of his stock,* said Romney...