Word: dividenders
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...news echoed loudest on Wall Street, where IBM stock has been transformed from a darling into an ugly duckling in recent years. IBM shares went into a free fall after chief executive John Akers warned that the company may have to cut its rich yearly dividend of $4.84 a share as a result of the restructuring. "The reality of the environment we find ourselves in makes us less sure we'll be able to maintain that dividend," he said. "We must be frank with ourselves and honest with our constituents, including our shareholders." The company's stock plummeted 11 points...
...soldiers and sailors and flyers of America's armed forces, these are especially difficult days. The end of the cold war has removed the rationale for decades of extreme vigilance; the much discussed "peace dividend" will probably translate into military layoffs, equipment cuts, withdrawal from foreign posts and general retrenchment in prestige. The Tailhook scandals of sexual harassment have toppled high-ranking Navy officers and exposed to public scorn a kind of sexism that many in the military still cherish as "virility" and "blowing off steam." The one great victory of recent years, Desert Storm, was so quick and total...
...with the British brokerage house Smith New Court. "The question is whether they can contain the cheating." Although industry analysts believe De Beers will weather the crisis because it has deep pockets and rich affiliates, investors are not convinced. When the company abruptly announced the likelihood of a 25% dividend cut in August, its stock fell nearly 15% and triggered a minicrash on the Johannesburg Stock Exchange...
Compared with the Pentagon's gargantuan overall budget, that hardly amounts to a dime's worth of difference. Neither candidate devotes much public attention to military issues; neither has been heard to utter the phrase "peace dividend" in campaign speeches. And with good reason. In this recession-blighted election year, cutting troop levels and slashing Pentagon budgets can mean higher unemployment. The formerly onerous burden of military spending now looks to presidential -- and congressional -- aspirants very much like a jobs-and-votes program. Clinton hews closely to the Administration line on defense for other reasons as well: to pre-empt...
...rethink the military and reap a peace dividend...