Word: floating
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...Louis has survived for the past 15 years by the euphemistically named ploy of "judgment financing." While borrowing from banks, which invariably have to sue for repayment, the city has remained a step ahead of its creditors by taking advantage of an Illinois law that permits it to float bonds without public consent. This kind of Micawberism has driven the city so deep into the red that debt service accounted for 35% of 1967's property-tax revenues and threatens to devour more than half...
Elastic Rules. In one effort to limit such legerdemain, the Securities and Exchange Commission expects within a week or two to tighten the disclosure rules for companies seeking to float securities. Companies will be required in registration statements to divulge their sales and pretax profits for each line of business that contributes more than 10% to the total. Firms that engage in only one activity will have to abide by the 10% rule in showing sales by product or service. Though the new regulations will not apply directly to annual reports, many companies have already begun revealing operating data once...
...Marx Brothers at the Movies, (text by Zimmerman, graphics by Goldblatt) restores the team to its proper prominence. Customarily, the most static objects in the world are books about movies; pictures float by on oceans of turgid or fawning prose, while the subject drowns. In The Marx Brothers at the Movies the text is as good as the pictures. The still ones, that is; nothing can quite match the films. Zimmerman shows just how much Groucho could inscribe on the head of a pun: "This is indeed a gala day. That's plenty. I don't think...
...would be nice to be a rock 'n' roll star because that would take the pressure off an otherwise threatening existence. Rock stars, we imagine, have to make no struggling acts of will--they go and play where they are called. They float down stream cutting albums whose sales make it possible for them not to "work...
Radcliffe would do well to complete its building plans on its own, if only because Faculty priorities are likely to value them less elegantly than Radcliffe would like. Ultimately, though, Radcliffe would be better off financially within the corporation than outside it, despite the Puseyian adage that tubs must float on their own bottoms. To win Mr. Pusey's approval for coed housing, Radcliffe will have to merge fully into Harvard College. Some sort of closer affiliation with the "University" would not be sufficient. The tubs then would share bottoms, to Radcliffe's financial advantage...