Word: investments
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Dates: during 1970-1979
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...acquisitions by their holding companies of independent banks and mortgage companies. Unlike the $20 billion giants, the medium-sized regional banks are small enough to avoid antitrust litigation, yet big enough to provide sound management and a wide array of services for people who want to borrow, save or invest money...
...when American art seemed to inhabit an endless summer. Then New York believed in its manifest destiny; it had become the new Paris, or even Imperial Rome. The "mainstream" ran through New York. And it seemed by mid-decade that virtually everyone with something to invest was blundering about in its turbid flood like a shark, snapping up artworks. The culmination of this process was "Henry's show," a huge and partial exhibition called "New York Painting and Sculpture: 1940-1970" that Henry Geldzahler organized at the Metropolitan. If ever an exhibition broke the back of a decade...
...trying to break new legal ground. In the past, "offshore" mutual funds-the IOS-managed type that raise money abroad but invest it in the U.S.-have operated in a regulatory vacuum. No government believed that it had full jurisdiction over them. The SEC contends that a U.S. court can assert authority over foreign-headquartered funds for a variety of reasons, among them a principle in international law that a country can halt activity occurring outside its borders if it "causes an effect" within those borders. If the SEC can make that claim stick, the offshore funds' freedom from...
...computer users. To software producers, including hundreds of small computer programming companies as well as large manufacturers like AT&T that have developed their own software, the court's ruling was a disappointing playback. Says John Bennett, president of Associated Data Research of Princeton, N.J., "I could invest $1,000,000 to develop a new program, and be unable to prevent another company from selling...
Such trappings of the Gothic genre creak as badly by this time as the front door of the requisite sinister mansion. Director Johnson does not precisely succeed in making all these antique devices seem fresh-that would be asking too much of anyone-but he contrives to invest each scene with an effectively clammy inevitability...