Word: investers
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Dates: during 1980-1989
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...combat what he and the other students felt were exorbitant prices charged by Harvard Square merchants for books and wood Supported strongly by the Crimson and the nowdefur 'Echo, as well as several influential faculty members, Kip and four of his classmates enlisted about 400 Harvard-affiliated persons to invest in the cooperative at two dollars a head and opened the "Society"--the nickname, "Coop," didn't catch on for several months--for business at 13 Harvard Row (next to Church Street). The stock of the new store was meager; according to an early history of the Coop by former...
Founded in 1942 to invest and increase the funds given to the Holy See for religious works, the I.O.R. is much like any other international commercial bank. It accepts savings and checking accounts, transfers funds in and out of the Vatican and makes investments. There are, however, some interesting differences in the bank, which is tucked away in the medieval tower of Sixtus V. Depositors must be connected with the Vatican. The list of those eligible includes members of the Curia (the Pope has a personal account, No. 16/16), the 729 permanent residents of Vatican City, and a small group...
Last week, however, the phoenix returned to ash, probably not to rise again. Owner Robert Weingarten, a former stockbroker and publisher of the investment journal Financial World, who had lost $3 million on SR since taking over in 1980, ordered a halt on the issues at the printers and dismissed the remaining two dozen members of an already reduced staff. His sad conclusion: SR was doomed without an unaffordable injection of at least $5 million for circulation and promotion. For months he had tried to merge with another magazine, to sell SR, or even to give it away. Potential buyers...
...dismal lows. In Kansas, where farmers have just harvested a record wheat crop of 440 million bu., grain is selling at a meager $3.65 per bu., down from $4.05 a year ago and from over $5 in 1973. In Oklahoma, where wheat is selling at $3.20 per bu., farmers invest nearly $6 to harvest each bushel. These are the mathematics of desperation. "The farmer's got his livelihood tied up in a crop he can't sell," said Mike Kubicek, executive director of the state's wheat commission. "He can't produce it for $6, sell...
Lately, sinking together has been a distinct possibility. In March, National Steel announced it was "not economically feasible" to modernize the marginally profitable (less than $10 million on 1981 sales of $1 billion) Weirton plant; the company prefers to invest in other enterprises with "the potential for substantially higher returns." By 1987 most of the factory would be shut down and 70% of the work force fired, unless, National Steel said, Weirton's 8,800 workers would like to buy the facility and run it themselves...