Word: paper
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Dates: during 1960-1969
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...Joint Chiefs of Staff during a White House discussion of Khe Sanh, cross-examining them at great length about the wisdom of defending the isolated outpost. In an extraordinary gesture, apparently designed to alert everyone to the gravity of the situation, Johnson then made each Chief sign a paper stating that he believed Khe Sanh could be defended...
...time of high and rising taxes, investment in stocks is one of the few ways by which a wage or salary earner can hope to become rich-at least on paper. As a result, the number of Americans who own shares has risen to 24 million. An estimated 76 million others own stock indirectly through their holdings in pension funds and the like. Now that the market has become the prime source of a second income for many Americans, they are increasingly asking a puzzling question: What makes the market go up-and down...
...many cases, such "inside" information reflects a broker's rationalization, a story confected for customers to account for a swing in paper profits. Or it follows a line laid down by overnight experts-financial writers required to fill columns of type with solemn economic logic to explain short-term market moves that may reflect neither economics nor logic. Too often, day-to-day stock gyrations obscure a basic fact: markets are made and moved over the long haul, not by vague forces but by the conscious decisions of men. The important question is not what makes stocks move...
...volume rose 62% on the American Stock Exchange and went up 20% on the New York Stock Exchange. Trouble is, the exchanges and the back offices of brokerage firms have not expanded and automated fast enough to keep up with the increase. In the resulting snarl of tape and paper, countless buyers have either received the wrong confirmation slips and stock certificates or failed to receive any at all. As they struggle to straighten out the mess, brokers earning upward of $50,000 a year have had to spend as much time doing the work of $80-a-week stock...
...million dollars to help students, but Johnson wants more than half of this increase to be used for interest and other payments under his "guaranteed loan program." Frugal congressmen may ignore the President's recommendation that banks receive a service charge of 35 dollars for the cost of paper work involved in administering the plan, since it seems unlikely that Congress will want to appear to be covering banking interests. The rest of Johnson's proposed increase will be largely eaten up by quick growth of the number of students who need financial help and the continued rise in college...