Word: geste
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...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...
Executive Reaction. The new rules would also put effective limits on bonuses, which often account for the big gest increases in executive compensation. The COLC wants to limit bonus increases to 5.5% also. It has cushioned the blow by letting companies choose the base year against which the boosts can be measured; firms may go back to November 1968 and pick the fattest intervening bonus year as the base...
...Learn. Nothing less than a complete refashioning of education will solve the problem, the commission concluded. Their long, somewhat obscurely written report, recognizing that no one system could fit all countries' needs, of fers no specific blueprint. It does sug gest, however, that all education should ideally be integrated with workaday life, using flexible, out-of-school approaches that make education start in very early childhood and end only with death...