Word: p
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Dates: during 1960-1969
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Escalante and his lieutenants had similar meetings with a journalist of the Soviet news agency Novosti, the captain and first officer of a Soviet "fishing boat," and a Soviet adviser to Cuban intelligence. In one such meeting last year, Raúl said, Rudolf P. Shliapnikov, second secretary of the Soviet embassy in Havana, assured the group that Russia could bring Castro to his knees by simply cutting off oil shipments. "Rodolfo made his observation," Raúl noted dryly, "in the midst of laughter...
Probably the largest accumulation of investment capital is held by Manhattan's Morgan Guaranty Trust Co., a lineal descendant of J. P. Morgan & Co. By the best estimates, it administers 250 pension funds with assets totaling about $7 billion. All its stock trading decisions are initiated by one man: Carl Hathaway, 34, a Harvard graduate. He weighs the recommendations of the bank's analysts, makes his choices, and then presents them to a small group of senior officers-who almost always go along with his advice. Morgan has concentrated one-third of its equity investments in just...
Analysts are most concerned about a stock's price-earnings ratio-that is, its price relative to earnings per share expected in the current year. Professionals tend to assign rather low P-E ratios to companies with profits that are rising only as fast as the U.S. economy's gross national product. Thus, the Dow-Jones industrials now have P-E ratios averaging less than 17 to 1, down from 21 to 1 just before the 1962 market break. Analysts give much more generous P-Es-50 to 1, or more-to companies with profits that rise faster...
...resistance persists for many weeks and increases, the child may hold back his movement not only while he is on the seat but for the rest of the day too. (p...
...possible for a civilization like ours to go through such a change of philosophy--it really amounts to a revolution--without raising doubts in many parents' minds and without getting some parents thoroughly mixed up. (p...