Word: geste
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Dates: during 1970-1979
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...even these losses would pale beside a far less publicized jolt that the insurance group is suffering. It involves the labyrinthine world of computer leasing, a honey-tongued Texas hustler, the big gest and most prestigious U.S. banks and IBM. As a result of many forces, the Lloyd's insurance group faces the biggest loss in its 291-year history - up to $225 million, vs. the present record of $100 million paid to cover damages from Hurricane Betsy...
...rise in investment. Or, to put it another way, how to remove obstacles that the tax code puts in the way of investment. As Robert Anderson, president of Rockwell International, explained: "If I had a partner who put up all the money, took all the risks, did the big gest part of the work and gave me half the profits [a reference to the 48% corporate tax], I would be a hell of a lot more encouraging to that partner than I think the Government has been to business during the past 20 years...
...women's commune, the other to hustling in Las Vegas. There is a rather bizarre episode reminiscent of those murky French "art movies" of the '50s: Eliza has an affair with the beautiful boy who caused her husband's suicide. She also has to di gest the fact that her half sister, too, was in love with...
...share, still short of C.H.H.'s offer of $36. National Starch shares jumped more than 20 points in a single day and closed at $65.50; even those who bought at that price will profit by selling to Unilever at $73.50. That situation points up the big gest reason for the takeover trend: prices of many stocks have sunk so low that a cash-rich company can offer a tempting premium and still pick up corporate as sets for less money than it would need to launch its own expansion program...
Last week the unthinkable happened: the U.D.C. found itself unable to pay off $104. 5 million in one-year bond-anticipation notes. It was one of the big gest defaults by a public agency since the 1930s, and it posed a severe test of the value of the so-called moral-obligation bonds that the U.D.C. and other agencies have issued in recent years. The default posed the possibility that the agency could be besieged by a rush of lawsuits filed by creditors demanding immediate payment of its entire $1.1 billion in out standing bonded debt. Conceivably, such a siege...