Word: hitchings
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Dates: during 1980-1989
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...usually lose a little less than you gain. Yippee! But you've got to keep your transaction costs low and, of course, not get caught with a taxable gain on one half of the hedge without realizing your loss on the other half. It was to avoid that hitch, basically, that Princeton/Newport entered into understandings with Drexel Burnham Lambert and other firms to make these tax sales. "Look," Regan's traders said in essence, "you're not going to have any risk because we're going to buy these things back once we've satisfied the tax-loss requirements...
...Purple and Batman has brought Warner hundreds of ( millions of dollars. When Sony announced its agreement to pay $3.4 billion in September for Columbia Pictures Entertainment, the Japanese firm impressed Hollywood with its savvy choice of executives to run the studio: Guber and Peters. But there was one major hitch: in March the two had signed a five-year contract with Warner, which the studio claims was an exclusive arrangement...
...Once inside the Lampy castle, Forbes and crew were feted at the head table with a lavish meal. Other guests didn't get dinner, but there were drinks and hors d'oeuvres for all. But despite the big bucks lavished on the celebration, everything did not go without a hitch for Harvard's so-called humor magazine. The vodka supplies were critically depleted, according to a basement bartender, and first choice drinks could not be assured...
...hitch is a May decision by the state supreme court, which upheld the initiative but ruled that insurance companies are entitled to "a fair and reasonable" profit. Most of the state's insurance firms maintained that they should be exempted on those grounds. After reviewing their profit statements, Gillespie said she found only 13 companies profitable enough to warrant rate rollbacks. She announced hearings to examine the exemption claims of 34 more firms, but further outraged critics by declaring that evaluations of more than 200 other companies could take as long as ten years to complete...
...Commander Gerry Carroll, a Navy pilot who has been Clancy's close friend since high school. "He's asking himself, 'Now what should I try to do?' It's not the great American ennui in the sense of a mystified now-what. It's more of an earnestness to hitch up your wagon and get on to the next horizon...