Word: investors
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Dates: during 1970-1979
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Moreover, the definitions of money do not include a whole array of newfangled financing and banking techniques. These include money market mutual funds, which have grown from nothing seven years ago to more than $36 billion now. The funds put investor deposits into government and corporate securities that pay more than twice what is available in regular bank savings accounts; they also permit check writing against the investments, making the whole concept rather like super high-paying checking accounts. People are now putting money into these funds at the rate of $500 million a week...
...19th century structure, designated a historical landmark because it has one of the oldest cast-iron facades in the Northeast, commands spectacular views of Boston. Every unit in the planned conversion was sold before Deane went to the bank for his building loan. With 10% up front from every investor in the building and all the cash he could pull together, Deane was able to swing a loan of $1.6 million. The project was to be completed last April. Then he had trouble putting the package together. Work on the building started 14 months behind schedule. Meanwhile, the interest rate...
Even the CIA claims that it has no idea who is running up prices, and the market itself abounds with rumors. Last week's scuttlebutt had it that a single Saudi investor was looking to buy a ton of gold worth about $12 million, and the market was being dominated by just a few large purchasers-including one unidentified German buyer and an unknown Canadian industrialist. About all that is certain is that small investors are now joining in the gold action...
...perilous. Says Clayton Yeutter, president of the Chicago Mercantile Exchange, a leading gold futures market: "As the price enters the stratosphere, the risks become extraordinary. If you look over the edge from here, it's a long way down." Even if there is no great plunge, the small investor especially can find himself paying more than he figured for his bullion. When buying or selling coins, for example, dealers commonly add a charge amounting to 5% or more of the market price. Thus someone who bought a Krugerrand when gold was at $380 last week would have to wait...
Student charges of the committee's ineffectiveness and its near-perfect record of following the Corporation's line, especially as an investor using Harvard's power through shareholder resolutions, has marred the committee's image among students. The Corporation assigned the committee the task of a case-by-case review of corporate practices in South Africa and of recommending possible shifts in the portfolio. The ACSR could have taken on the role of independent critic, but it has rarely dissented from past Corporation policies. Its reports indicated that instead of fighting to alter corporate practices by sponsoring shareholder resolutions...