Word: go-go
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...mother (Pearl Bailey) who feeds Elgar soul food and introduces him around. Friendships form fast. Elgar falls in love with a black painter and part-time go-go dancer (Marki Bey), then has a brief but pregnant liaison with Miss Sepia. But Elgar has been more hypnotized than radicalized by the blacks, and film's end finds him with his illegitimate son going in search of his lost go-go dancer and a new home...
Institutions, in contrast, have never indulged in panic selling. They have proved perfectly willing to sit on the sidelines for prolonged periods and do little buying. Mutual funds as a group currently hold 8.5% of their assets in cash, and some other institutions hold far more. Some of the go-go mutual funds have been selling off in dribs and drabs, over the past several months, the glamour stocks in which they have taken a beating. In the absence of much sustained buying pressure, their selling has been enough to depress prices persistently. For every stock sale there...
Stocks of franchising companies, for example, have been among the Street's latest go-go favorites. But last fall Leonard Savoie, executive vice president of the American Institute of Certified Public Accountants, warned CPAs that they should reject a common-and profit-inflating-practice of franchising firms: counting as current income the payments that franchise operators agree to make over a period of years. As one result, Milwaukee-based Career Academy, which sells to local "directors" the right to distribute its vocational-training courses, announced that it probably would report a 1969 profit of only...
Cornfeld always moves fast-critics might say too fast-but during 1969 he toppled his own expansion records. He launched two big new international investment companies, the go-go I.O.S. Venture Fund (assets: $170 million) and Investment Properties International, a real estate development concern that is starting a chain of luxury resort hotels in Jamaica, Mexico and Portugal. He spread into Australia, France and Sweden with "national" mutual funds -funds that invest some or all of their assets in local projects in order to overcome government reluctance to let their citizens send money abroad. Last week, in another...
Although conceived by NBC, the show is definitely all Disney, even down to the cast. "We had a swish type or two audition-even a topless go-go dancer," says one of Parade's people. "But for the most part, those who auditioned were Disney-type kids: all-American kids." The average age of the girls is 19, the boys 21, and they run the gamut of honor-rollers, cheer leaders, glee-clubbers and yearbook editors. The cast has such a home-town flavor that Choreographer Miriam Nelson and others had to conduct travel clinics to help...