Word: money
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Losing the Fight. And why not? Spending on law enforcement in 1968 totaled nearly $1.1 billion, up from $930 million in 1967. The money went for a variety of services and hardware that includes 800 police whistles, $170 sirens and $100,000 helicopters. Such spending will grow at least 10% annually for the next five years. The Safe Streets Act, which Lyndon Johnson signed in June, will increase federal anti-crime aid from $63 million in 1968 to as much as $500 million in 1972. Richard Nixon also wants to strengthen the nation's undermanned police forces and generally...
...managers of "gogo" mutual funds have gone farther faster than 36-year-old Frederick S. Mates. His $32 million Mates Investment Fund has risen 153% in per-share asset value since the beginning of 1968, the highest growth rate of any fund. A onetime English teacher who learned how money talks in 13 years as a highly successful market analyst and big-account broker, Mates is truly the personification of self-confidence. On one wall of his office, he keeps a framed parody of an old Wall Street slogan: "Invest, Then Investigate...
...from new money, the lifeblood of any mutual fund, Mates was unusually vulnerable to a crisis. That came two weeks ago, when the SEC halted trading of a lively over-the-counter stock that had been one of Mates' big winners. The SEC cited "possibly misleading" information about the stock-Omega Equities Corp.-which had been bid up from 40? a share in January to $35 in November. It last traded at $25, which means that the 300,000 shares that Mates had bought in July for just under $1,000,000 now account for about...
...legendary Rothschilds have quite a knack for multiplying their money by backing the right people in the right places. Rothschild gold bought supplies for the Duke of Wellington before Waterloo, financed Disraeli's purchase of the Suez Canal and bankrolled 19th century railroaders as well as modern industrial pioneers in Newfoundland. Soon the Rothschilds will be striking out in still another direction: the lands around the broad Pacific basin, especially Japan...
...service, called Dynabank, is a form of computer time sharing that ties smaller banks into a large IBM storehouse of money-management data. By operating a special electric typewriter connected by telephone line to a computer center, a small-town banker can get a printout of information about conditions in distant bond and money markets, as well as economic forecasts for the nation or his region, and other data. If he is thinking of buying bonds, Dynabank will quote prices and yields of issues. If he wants to sell, the computer can tell him the market value...