Word: investable
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Dates: during 1970-1979
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...shows him with nearly a 2-to-l lead over Carter among Democrats and independents. Carter has disappointed almost every constituency that put him in office. And those constituencies, especially the blacks, Hispanics and working-class white ethnics who form the spine of the Democratic Party, seem ready to invest many of their hopes in Ted Kennedy...
...money funds invest not in stocks or gold or commodities but in high-quality, high-interest bank certificates of deposit, commercial paper, Treasury Bills and other U.S. Government securities...
...securities, a number of banks and cor porations would have to go broke before the typical money market investor would suffer much loss. He would not even lose, but his yields would go down, if interest rates declined. If they dropped far enough, he might have been wiser to invest in a long-term bank note. For example, a nine-year certificate of deposit now pays about 9%; that, of course, is less than most money market funds, but it is guaranteed for the longer term...
CAMBRIDGE VOTERS will consider six non-binding referendum questions tomorrow. Perhaps the most important of these is Question 5, which would ask the city not to invest in financial institutions doing business in South Africa. Citizens should discourage any support of apartheid practices, however indirect...
After the meetings, partners break for business lunches with company representatives, other investment managers, faculty members, and other sources. "We do a lot of traveling," Cabot says. "We never invest in a company that we haven't first called on, and talked to the senior management and the competitors...