Word: dividend
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...total of only $46,000 on all outstanding shares. Rather, as Florida Telephone President Max Wettstein told a four-man board at the Cost of Living Council in Washington last week, it was a question of principle-and sound business practice. The company needs uninterrupted dividend growth, he explained, in order to attract new capital for its construction program. Besides, Wettstein pointed out, President Nixon does not have congressional authority to freeze dividends, and the 10 increase cannot legally be rescinded...
...cheap. Says Ralph Nader: "Imports are the only real competition left for many American firms." It is the low-income American, too, who will lose most in the deferral of welfare reforms and revenue sharing. Although many Americans have finally accepted the fact that the nation's "peace dividend" would be far less than once believed, few are likely to feel comfortable with the prospect of a social austerity program, even in times of economic turmoil. Says U.C.L.A.'s Dean Williams: "We should not delay for any reason pushing for basic reforms needed in our system...
...Erich Segal and good of Charley Reich tossing flowers at each other in the Pierson College dining hall as Kingman Brewster broadcasts the Fugs out of his office window. Think of jean-and-work shirt-bedecked Yalies pouring out of Skull and Bones to spend their GM dividend checks on grass and anti-war ads in the New York Times. And win this one for Consciousness...
...recession has also caused a reassessment of much of the liberal dogma that dominated national thinking in the '60s. There is a growing suspicion that even with the postwar "peace dividend," the U.S. may not be able to eliminate poverty, cleanse its environment and rebuild its cities as quickly as most Americans would like. By dampening Americans' personal expectations, the recession has served as well to moderate their demands on the nation. The public is willing to admit that national priorities must be set and that some desirable goals will require time to attain. The downturn...
Mystery writers get an undeserved dividend from critical custom, which forbids reviewers to reveal the plot or the gimmick to readers even if it is threadbare or an insult to ordinary intelligence...