Word: options
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Dates: during 1950-1959
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Last week Hollister took up his option to resign at the end of a two-year term, sent a letter of resignation to the President that showed just how far he had come. Foreign aid, when properly administered and wisely aimed, is effective and essential to mutual security, he concluded. "This must continue as long as aggressive international Communism threatens us. In the nature of things this far-flung effort ... is occasionally wasteful and inefficient. Chances must be taken, and in many cases it will be some years before we can see how successful the gamble may have been." Then...
...Author Ward sees it, the East's option is between the "mixed economy" and relative freedom of India and the "total state" tyranny of Red China. The West's course should be to: 1) help the East before it helps itself at the West's expense, 2) pool sovereignties in a supranational organization that could solve and mitigate the problems with which today's fanatic neophyte nationalisms are anxious but technologically impotent to cope...
...would demoralize the entire Government bond market by depressing lower-paying issues, others argue that the Treasury needs strong medicine to solve its problems. Still another idea is to float a convertible bond. The U.S. Treasury could issue a convertible bond at 4% interest, for example, give investors the option of either cashing it in after one year, or of converting it into a longterm, twelve-year bond paying 4%. Thus investors would have an incentive to buy, since if interest rates showed signs of turning down, bond holders could convert into a longterm, good-paying bond...
Fighting Retreat. In Forward Township, Pa., when Prohibition-minded citizens compelled the three-tavern area to take a local-option vote on beer and spirits, citizens voted narrowly against the continued sale of beer but for the sale of hard liquor...
...well prepared student has the option then of eliminating either the last year of high school or the first of college. As Hanson notes the former law of twelfth grade admission into the freshman year of college has outlived its sanctity, and the program to be followed depends "essentially on what seems most profitable to the students...