Word: h
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Dates: during 1960-1969
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...H...
...exclusively for charitable purposes. Though ABC knew that this was contrary to federal statutes governing tax-free foundations, the state charged, the outfit tried to conceal the fact by enjoining its clients to absolute secrecy. "The cleverness of the scheme," said California Deputy Attorney General H. Warren Siegel, "was to get you to join by saying 'Only we have this plan,' and then saying 'Don't tell anyone what we told you or we'll boot you out.' And then no one would know until after the founder died that they couldn...
Last week the market moved like a Yoyo. For the first 21 trading sessions, the Dow-Jones fell straight down, dropping briefly below 800 to a point even lower than it was five years ago. At midweek, a long-awaited rally suddenly began. The Dow struggled up H points on Wednesday, its first gain in almost two weeks. In the week's final two days, it jumped 23 points, to close at 827. The rally at first was fired by false rumors that banks planned to reduce their 81% prime interest rate. Brokers called the rebound a sign that...
...investors missed the market slide. An Atlanta woman sold her stocks in May and put the $23,000 proceeds into underdeveloped land. "I won't have to worry about it every day," she says. Thomas H. Chmielewski, 29, a business planner at General Electric in Manhattan, has minimized his losses by buying in the Japanese stock market as well as on Wall Street. Last spring he put $6,000 into Nomura Securities Co., an investment banking house, and $4,000 into Ikegai Iron Works, a machine-tool company. Ikegai has risen slightly; Nomura declined, but nowhere near as much...
...institutional investors? The answers to these and other basic questions will depend largely on the views of the Securities and Exchange Commission, Washington's watchdog over Wall Street. The times would seem to call for a tough-minded decision maker as SEC chairman. In Hamer H. Budge, the SEC has instead a tranquil, kindly administrator who has a penchant for delay. In addition, Budge last week was accused of "gross, clear, conspicuous, transparent conflict of interest...