Word: less
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Hungry Speculators. The swings tell less about Natomas than about the desperation of speculators and other investors to find a new outlet for their money. "People are hungering for something to get action out of," says Robert T. Allen, vice president of Shearson, Hammill & Co., the big Manhattan brokerage house. Especially hungry are the managers of "performance" mutual funds and hedge funds, both of which have sold themselves to investors on the promise that they could select stocks that would surge ahead no matter what the rest of the market did. The stocks that most of them selected-computer, conglomerate...
...brokers are strongly bullish or strongly bearish. Those who expect the Dow-Jones average to fall below 800 predict that any new decline will be less violent than the 167-point May-July plunge. Those who expect the July low to stand as the bottom of the 1969 market predict that stock prices will move sideways for a long time until there are solid indications that inflation is being brought under control. Such prospects may be faintly reassuring to the average investor, but they do not promise much chance for speculators to recoup their mid-1969 losses quickly...
...insurance companies have often seemed like dinosaurs-gigantic and impregnable, but slow-moving and ill-adapted to a swiftly changing environment. As a result, the insurance industry has been losing its relative importance in the business world. Inflation has made the fixed-dollar guarantees that insurance policies provide look less attractive year by year. The share of the savings dollar used to purchase life insurance has dwindled steadily from 51% in 1945 to less than 15% today. Conservative management and restrictive federal and state regulations have kept most of the insurers' $240 billion in assets tied up in longterm...
When his second son, Barron, first approached him about a job in 1946, Hotelman Conrad Hilton was less than enthusiastic about the idea. A college dropout about to become a father at 19, Barton had far to go to prove him self as a businessman. Nor did he agree with his father's evaluation of his tal ent. Barren said that he would not work for less than $1,000 a month. Conrad was not willing to pay him more than $150. The young man decided to go into business for himself...
Weary of political pragmatism, Lowi prescribes a return to idealism. That idealism is at times Procrustean and not easy to put into practice, but all of it is refreshing to hear. His program calls not for less central government but for more -and this time with teeth. He would establish a senior civil service group, for example, composed of generalists with ties to no single agency, who would be responsible for providing a "proper centralization of a democratic administrative process." Sloppily written laws, he feels, have been much to blame for the failure of government. Accordingly, he would strengthen congressional...