Word: investable
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Dates: during 1970-1979
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...This is a very good opportunity for Harvard to get some damn good stocks cheap," says Walter M. Cabot '55, president of Harvard Management Co., the University's private investment manager, which decides how to invest the nation's largest educational endowment...
...that supplies power to the medical area, is still taking in about $3 million a year. Edison, which has no desire to lose such business to MATEP, also holds the final trump. It's the only company that can provide backup for Harvard, but to do so, it must invest $10 or $15 million in an essential step-down station. Edison spokesmen smugly tell you that if MATEP wants to buy backup power for 20,000 of the plant's 30,000 kilowatts, it will cost about $1 million a year. "If that's the case," says one, "you might...
...unsafe. As with nuclear power plants all over the country, the price tag for Seabrook has more than doubled from $973 million to more than $2 billion since its conception. If we continue pouring money down the nuclear drain, we will not have the resources or the will to invest in other energy sources. The final cost of Seabrook alone is more than twice the federal government's total annual investment in solar research and development...
...simply not paying attention. Members of the Carter administration may enjoy this book, for nothing except its failure to clearly isolate and identify its diplomatic team's failures. But at seven cents a page, those of us who may never push the buttons might as well invest in fallout shelters instead...
Pension fund managers, struggling to keep their pots of money intact, have begun to look beyond the blue chip stocks and bonds in which they have traditionally invested. In June the Government eased the rule limiting pension fund investments to only those that a "prudent man" would make. Now pension funds can invest in real estate or gold or even Picassos and Chinese porcelain. Eastern Air Lines pilots have almost 10% of their $250 million pension fund in Atlanta warehouses, Kansas City shopping centers and Southeastern forests. Such investments seem attractive at a time of rising prices for tangibles...