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Meanwhile on Wall Street, the Dow Jones industrials closed last week at a record 1,171.34, a 46.63 jump for the week. It was Volcker who helped launch the latest running of the bull market with a statement that interest rates would not remain high. He also told the House Banking Committee last week that he expected interest rates to come down and the economy to continue recovering...
Stocks recommended by Value Line have established an astounding record of outperforming the market. An investor who bought the 100 top-ranked stocks each year since 1965 and held them for twelve months would have scored a gain of more than 1,300%. The Dow Jones industrial average, by contrast, has risen less than 30% during the same stretch...
...debate over ROTC began in the spring of 1967. Students protested against the Dow Chemical Co's visits to campus to recruit under graduate's because Dow was a major producer of napalm. Both students and faculty began reassessing the special relationship ROTC enjoyed on campus. Faculty members remember "People had lost confidence in the military because of what they were doing in Vietnam," recalls Everett I. Mendlsohn. Professor of the History of Science. "So people looked again at the comfortable relationships that the military had, the special privileges that it was given...
...serving your country while going through college: as Bruck noted, ROTC was increasingly designed to recent college students for lifetime military careers. The idea of ROTC being used to fortify a civilian army therefore seemed untenable. Since ROTC's recruiting efforts were similar to those of large corporations like Dow there was no reason for it to have any special ststus on Harvard's campus...
...Dow asserts that its responsibility for the contamination is limited because dioxin is coming not from its plant but from "normal combustion" sources, such as natural fires and furnaces. The health risks, says Dow, have been exaggerated. "You would have to eat more than 25 tons of fish per year," contended Company Spokeswoman Sarah Rowley, "to reach a level of dioxin that has been shown to cause cancer in animals...