Word: growth
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Dates: during 1960-1969
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...troubles are coming to a head now because there has been an enormous growth in trading volume. An average of 13 million shares daily changed hands on the Big Board last year, or 21 times the total that exchange officials once expected to be reached in 1980. A rising proportion of the trading is done by institutions, for which the exchange's trading mechanisms and commission structure are ill adapted. Haack estimates that institutional trades now generate 50% of all commissions on his New York Exchange. Whether the exchange can hold this business against rising competition from other markets...
...Wall Street. The need is clear. Despite the rich commissions, member firms lack capital for long-term needs such as back-office automation, and several recently had trouble complying with an exchange rule that capital must equal at least 5% of debts. They must now rely on internal growth and borrowings...
...accomplish, the less costly the building will be." He is so certain that he can make his company's profits go up that he persuaded the president to pay him, on top of his salary of $12,000, stock bonuses if the firm's annual growth rate exceeds...
...inferior public school system is the greatest single problem facing all of us in this region," the president of the Cleveland Electric Illuminating Company said. Other businessmen quietly looked over reports showing that Cleveland's industrial growth rate was suffering in comparison with cities that had revamped their schools...
...example of this last trend, McCarthy cited former Presidential advisor Wat Rostow, who wrote his work on the stages of economic growth, and then "as advisor he tried to prove his book was right." McCarthy regarded Henry Kissinger--former professor of Government, now a Nixon aide--as more pragmatic than Rostow, but commented "This may, in the long run, be more damaging...