Word: investments
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Dates: during 1970-1979
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...refinance $152 million of its commercial paper. Such paper is a form of unsecured, short-term IOU. When money became difficult to borrow from banks, scores of corporations issued commercial paper to raise funds. Because such securities are usually bought by other companies that have spare cash to invest, a series of defaults could have spread financial shock waves throughout the U.S. business community. The Penn Central debacle caused well-founded fears that the $40 billion market in commercial paper might fall apart, starting a series of business failures...
Scrooge is a high-budget holiday spectacular, a musical extracted from Dickens' A Christmas Carol that turns out to be a curdled cup of holiday cheer. It is hard to imagine how men of supposed good will and talent could invest their time, their money and their skill in such a spectacularly shoddy enterprise. First frame to last, Scrooge is a mechanical movie made with indifference to every quality but the box office receipts...
...assertion that therefore "the business of this country is unfinished," the rafters rang more loudly than they had for any of Senator Byrd's polyloquence. And so they did again when Mr. McGovern asked acidly of President Nixon's veto of the education bill, "if it's inflationary to invest dollars in young minds, why then is it not inflationary to build an antiballistic missile system we do not need...
...should," the report concluded, "neither over-invest the time of students nor the resources of society in higher education...
...pretty shabby without the presence of first-rate actors who can turn any scene, without warning, into a jape or a jolt. Cassavetes, who took the role to get money to finish his 1968 film, Faces, looks rumpled, intense and angry as McCain and manages to invest this antiheroic part with some characteristic bits of melancholy...