Word: hoard
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Utilities are being deregulated, so they have an unusual reason to change policy and hoard cash. But the day is fast approaching when all kinds of thriving companies will ditch their dividends and use the savings to buy back stock to boost their share price. Specialty toolmaker SPX Corp., in Muskegon, Mich., made the move last April. Lo and behold, the stock has been rising twice as fast...
...John, you are. NOW comprises both men and women working to achieve social and economic equity for women. The Promise Keepers believe the way to a happy home is through a wife's submission to her husband's authority. NOW works to share power. The Promise Keepers work to hoard it. Big difference. JENNIFER COBURN San Diego...
With many of today's ministers earning in excess of $100,000, heaven doesn't preach [RELIGION, March 24]. Our churches now mirror society's American way with "Me first" and "What can I hoard for myself?" We go to church for confirmation of our life-style, not worship. Maybe with prodding like yours we will change. Maybe we can again find the pathway to heaven. Maybe we can join Christ on his way, with "God first" and sacrifice for others. JOHN MEACHAM, ELDER First Presbyterian Church Garner, North Carolina...
...nice to think that you are responsible for all the good fortune and success you achieve. Another is naivete, for you are surely naive if you believe the immediately preceding proposition. Still another reason is selfishness: since you are fortunate and successful, you are likely to want to hoard that fortune and success. Each of these reason, and others, point to the central fact of libertarianism, which is that practically all of its adherents belong to a self-regarding and sanctimonious elite. Little surprise, then, that it is popular at Harvard...
...dollars from exports, China now buys more U.S. Treasuries than even the Japanese--$12.1 billion in U.S. notes and bonds through the first nine months of 1996,vs. the $11.6 billion Japan purchased. China owns more than $43 billion of U.S. Treasury debt, the world's fifth largest hoard, and moving...