Word: millions
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Dates: during 1960-1969
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...Million Lives...
...LEARNED some things, too. "Perhaps the greatest single lesson a President learns is that America's power to control events in the world is limited." That is why LBJ only sent half a million men to Vietnam and kept the rest at home. He also learned about national defense. "The Soviet Union is the only nation on earth that possesses a destructive force similar to ours. Theirs is some what less in size, but the average human being would not be able to detect the difference in being hit by 30,000 tons of explosive or 15,000 tons...
...come from after-tax earnings. Using debentures, conglomerates can often grab control of other companies at little or no real cost to themselves. For example, Victor Posner, Miami conglomerator who has plucked a personal fortune from slums and money-losing corporations, has just captured Sharon Steel (annual sales: $225 million) after a bitter battle. Posner's NVF Co., a Delaware mini-conglomerate (annual sales: $30 million), offered a package of debentures and warrants backed by so few assets that Sharon accused him of planning to raid its coffers to bail NVF out of financial trouble. Even Posner's prospectus admitted...
...volatile prices make them extra risky for investors. But warrants caught on again after LTV and Gulf & Western used them to pay for acquisitions. Issued in moderate amounts, warrants may have no significant effect on a corporation's finances. But Manhattan's General Host Corp., which has only 2.6 million shares of common stock, last month offered 14 million warrants in its successful fight to win control of Armour & Co., whose...
...total Financial Aid budget that is expected to exceed $1.6 million, the Business School has allocated $300,000 to this program. This year, awards for students averaged $3500 in outright fellowships and $500 in loans. Twenty-six blacks and one Mexican-American participated in the program...