Word: fractionalized
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Dates: during 1980-1989
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Lewis' charges were a fraction of the $22 million in air-travel costs between 1978 and 1983 that General Dynamics had billed and Pentagon auditors have challenged. The company insists that Lewis' costs "were proper under the terms of (our) contract." Said a corporate spokesman: "The company told the Government the only reason it was withdrawing the claim was the adverse and untrue publicity which has surrounded this issue." Said a Pentagon official: "We've read about it, we've heard about it, we're studying...
...have an easier time of it: they simply drop by the neighborhood tanning salon, cozy up to a bank of ultraviolet lamps and emerge looking as if they have just returned from Hawaii. "The ordinary person who can't afford a vacation can get a lasting tan for a fraction of the money," says Martin Rothschild, president of Rothschild Sunsystems in Albany. "It used to be just movie stars and captains of industry who looked good. Now a lot of ordinary people are beautiful...
...students, we must additionally consider the financial implications involved in divestiture. Reports estimate that complete divestiture initially would cost Harvard between $10 and $30 million. Since each of us pays only a fraction of what it costs to put us through Harvard every year, we should perhaps be slightly less liberal with the University's money. But more than losing just that initial money, we must consider the long-term losses as well. Endowment income is crucial, providing anywhere from 11 to 42 percent of the budgets of the University's 10 faculties. Therefore, banishing so many top, lucrative corporations...
...last week, five others are in jail awaiting trial and one was killed in a shootout with police, prompting U.S. Attorney Joseph Russoniello to say that the Brotherhood "seems to have been successfully neutered at this time." Yet two others are believed to be at large, and only a fraction of the money stolen has been recovered...
...United States. Continental Illinois Chief Executive Officer Donald Taylor resigned, after just months on the job, and the FDIC injected $7 billion into the bank. In return for its financial support, the FDIC received the right to acquire full ownership of the bank from stockholders at a fraction of a penny per share if the bank should be unable to repay its loans, and the right to replace the bank's management at any stage of its supposed recovery...