Word: funding
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Dates: during 1960-1969
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...feel awful," said Kel. "So do I," commiserated Player, who became the third man in history (the others: Ben Hogan, Gene Sarazen) to have won all four of pro golf's top titles. Gary donated his whole purse to charity: $5,000 to the Cancer Fund, $20,000 to the U.S. Golf Association, "because I am so indebted to this country." He also gave his caddy $2,000. Thereupon his lawyer assured everybody that with endorsements, personal appearances and all, Player wouldn't have to worry about where his next ball was coming from. "Winning today," he said...
...mostly they just sat back and watched. Some figure that many stocks had been overpriced and were riding for a fall; others may be holding onto profits made by selling before the May 14 downturn in order to dress up their June 30 reports to shareholders, meanwhile stashing their funds in short-term Government notes. Says James K. Hart, executive vice president of the Lehman Corp., a closed-end mutual fund: "We have been buying some stocks at certain prices, but have not actually been active in the market...
...private pension funds usually keep a high and rising 40% of their funds in the stock market. Some of the employees' funds have assets as big as huge companies: the A.T. & T. fund amounts to $4.7 billion, and U.S. Steel, General Motors and Sears, Roebuck each approach $2 billion. The pension funds, into which the employer usually pays all the money, are run by a mixed board of management and labor, which heeds the advice of a bank or a Wall Street investment house...
...United Republicans of America is dedicated to electing conservative Republicans by national fund-raising and organization of committees down to the precinct level. U.R.A. will concentrate on areas that normally elect liberal Democrats. D. Bruce Evans, a former official of the Ohio Chamber of Commerce who organized U.R.A., says of Goldwater's F.S.A.: "I think the time for conservative education is past. It's time for political action...
...policy could be completed, another knotty problem had to be resolved. For any policy to work, the Six must tax imports coming in from the rest of the world. The decision to put the tax revenues-which could rise to a formidable $10 billion a year-into a common fund under central control had been stalled off for years. With the need for a decision imminent, Hallstein's technicians laid their trap. Their suggestion: Why not hand control of the money over to the Eurocrats, creating Europe's first federal treasury? If that sounded too much like taxation...