Word: generalizing
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Dates: during 1960-1969
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Last week Chrysler Corp. got a toehold by making a "general agreement" with Mitsubishi, Japan's second largest industrial corporation, to set up a joint company in which Chrysler would have a 35% share. The government in Tokyo will have to approve the deal, and is not likely to be quick about it. The two firms hope to collaborate on some research, then move on to marketing each other's cars in Japan and the U.S. Later, they might join in assembling Chrysler cars in Japan. Ford also started negotiating in earnest last week with Japan...
Most Nonchalant. In Washington, D.C., where the film is also playing, the scandal has been federal and political rather than civic and general. Charging that it showed "open fornication" on the screen, Senator Everett Dirksen cited the film as yet another reason for supporting his bill to limit Supreme Court power in obscenity hearings. Had he seen the film himself? "Lord, no," the Senator rumbled. That, and six letters to the theaters, have been the sole Washington grumbles to date...
...batting order of the nine received a general shaking up and this change combined with the individual batting of the team, did much towards winning the game for Harvard. The nine had no trouble in batting Altman and at the end of the fourth inning he retired and Bradley took his place. For one inning he was wild and unsteady but after that he settled down and only one hit was made...
What are the funds that cover each budget, whatever its size? The total market value of Harvard's general investments on June 30, 1967 was about $1,038,000,000. The "book value" was about two-thirds that amount. Each year the Corporation votes to distribute to each of the funds participating in the general investments account (which means mostly the endowment funds) income from this account at a fixed rate of the book value of each fund. In 1966-67 this rate was 5.2 per cent and thus $34,000,000 was distributed, of which $30.5 million went...
...market value of general investments in June, 1966 was $974 million. So the usable rate of return established by the Corporation was actually more like 3.5 per cent. Yet this figure doesn't even approach the return the Treasurer is really receiving on his investments. According to both Treasurer Bennett and President Pusey, Harvard's investments net about 10 per cent a year computed on their market value. This figure includes both dividends and interest and value appreciation on the market...