Word: finding
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Dates: during 1960-1969
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...housing prices climb and mortgage loans become costlier and scarcer, more and more people find themselves forced to stay in older houses for longer than they would like. Sooner rather than later, pipes crack, paint peels-and homeowners have to face up to the often traumatic experience of calling in that new aristocrat of the U.S. labor force, the repairman...
...surprise by voting to allow its members to sell stock in their own firms to the public. At the same time, the board said that by year's end it would consider permitting mutual funds and other financial institutions either to join the exchange as associates or find some way to grant them discounts on the commissions that they pay on transactions...
Hard Decisions. The board's proposals must now be approved by the 1,366 members of the exchange and by the Securities and Exchange Commission. And if approval is granted, the exchange must find a way to prevent disruptive takeovers of member firms by speculators, or even by the Mafia. Another problem is that many of the smaller firms will have a hard time selling their securities in competition with the big brokerage houses, and some are likely to fold for lack of capital. The smaller firms, which have relatively high overhead, also stand to be hurt by volume...
...heard of you," Barnes says, "and that is half the battle." Once inside, Barnes tells white businessmen that "if they want the black man as a consumer, they are going to have to encourage him as a producer." Barnes and his nine-man staff primarily help big companies find black firms that can supply goods and services...
Some of the athletes give non-athletes an assist in business. The Cleveland-based Black Economic Union, founded four years ago by ex-Fullback Jim Brown and some of his Browns teammates, has offices in six cities to help blacks find jobs, business advice and capital. Brown, who worked off-season promoting Pepsi-Cola before he went to Hollywood, thinks that the next goal will be to encourage black businessmen to sell common stock and build large public corporations. "The black businessman does not want to give up 10% of his stock," Brown says. "He does not quite understand what...