Word: ownership
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Dates: during 1970-1979
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...sharp rise in prices and the increase in Arab ownership come at a time when the nation's reliance on oil from the Middle East is expected to increase dramatically: from 7% of total U.S. consumption today to as much as 50% by the 1980s. President Nixon is said to be convinced, however, that the U.S. must not allow itself to become so dependent on such a distant and unstable region. In his forthcoming message to Congress on the energy crisis, he is expected to ask for funds to develop other sources of energy-coal, shale-oil deposits, chemical...
...common sources of cash for expanding businesses. But a bank loan burdens an already cash-short entrepreneur with interest payments, and new issues of stock in small, young companies are not as easy to sell as they were in the 1960s. Venture capitalists fill the gap by buying an ownership stake in struggling companies. They will back just about any kind of business that shows a potential for making profits; Narragansett Capital Corp. of Providence, R.I., is now bankrolling ventures in cable television, soft-drink bottling and women's overcoats, while Cumberland Associates of Manhattan is investing in real...
...that ideal. Allstate Insurance Co.'s private placement division maintained a growth rate of 40% a year during most of the 1960s by making prescient purchases in such companies as Memorex, Teledyne and Control Data. Chicago Financier E.F. ("Ned") Heizer has put his Heizer Corp. into a 32% ownership of Amdahl Corp., a computer maker that has booked $30 million of orders in its first year of production. The biggest hit of all was made by former Harvard Business School Professor Georges F. Doriot, who launched American Research and Development Corp. in 1946 as the nation's first...
HARVARD'S RACISM, however, is usually not so direct. It generally surfaces as an unthinking attitude of paternalism. The dispute over the University's ownership of Gulf stock provides a good example of this sort of implicit racism. Both the University's ownership of Gulf stock provides a good example of this sort of implicit racism. Both the University and the black protesters agreed on the central issue: Harvard should use its ownership of the stock in some way to aid black Angolans. The students suggested divestiture to make an impact on the public and fuel a nationwide Gulf boycott...
...gains not come at the expense of other groups such as undergraduates and employees, and that the University make a full disclosure of its budget. And the Union endorsed other progressive demands advanced last Spring, such as the position held by black students in the dispute over Harvard's ownership of Gulf Oil stock...