Word: ownership
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Dates: during 1970-1979
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...businessmen have abandoned the Square in the face of skyrocketing rents and stepped-up insurance rates. In their stead have come more restauranteurs, ice cream vendors and bankers--all of whom cater to a transient population like that which swarms any tourist stopover of the Library's stature. Moreover, ownership of non-Harvard property around the Square has transferred from the hands of several local residents and estates to those of a scarce few who put profit and volume above concern for Cambridge residents...
Repeated frustrations in community activism once steered black students from local organizing to the more cosmic issue of Harvard's ownership of Gulf stock. Harvard's graduate students, who passed through college with the first wave of antiwar activists in 1967 and 1968, found a new cause in their union fight last Spring. What remains undetermined is the direction in which undergraduates will channel political energies...
Piece of Paper. In the U.S., where the ownership of gold (except in jewelry, dental fillings and a few other nonmonetary forms) has been illegal since 1933, Winnipeg's plans may foreshadow a new tiff between the Treasury and investors. Some investors claim that the technicalities of futures trading make that particular form of gold dealing perfectly legal. After all, most speculators in futures dispose of the commodity without ever taking delivery. The holder of a gold futures contract would merely keep, and eventually sell, a piece of paper-in much the same manner that investors in gold-mining...
...purchase of gold itself," says Thomas W. Wolfe, director of the Office of Domestic Gold and Silver Operations. "It would certainly be an illegal activity for the 99.9% of us who have no Government authorization to deal in gold." Traditionally, the Government has feared that any form of U.S. ownership of monetary gold might lead to an alternative-and possibly preferred-form of tender, thus weakening the dollar. The threatened gold war between investors and the Treasury may eventually have to be settled in the courts...
...prototype for such an effort was waged last Spring by the Pan African Liberation Committee (PALC) and Harvard-Radcliffe Afro. The campaign, against Harvard's ownership of 700,000 shares of Gulf Oil stock, began inauspiciously in September when the ten PALC members wrote and began circulating a position paper explaining their position...