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...theory, a company could also buy its own stock in order to push up the price, but in practice that ploy is difficult. Securities and Exchange Commission guidelines specify that a company cannot account for more than 15% of average daily trading in its own stock and cannot make either the first or the last purchase of the day (the first trade often sets the price pace, while the price on the last trade is the one most widely published in newspaper stock tables). Still, suspicion occasionally surfaces. David Herman, chairman of Coffee-Mat Corp., is suing his six fellow...

Author: /time Magazine | Title: WALL STREET: The Rush to Rebuy | 4/9/1973 | See Source »

...standard defense for smuggling is the Elgin Marbles ploy: if Lord Elgin had not "rescued" the Parthenon sculptures from the Turks in Athens, they would probably no longer exist. The British Museum was built on the Empire's plunder. Napoleon had no qualms about ransacking Egypt for the Louvre. Likewise, since the Latin Americans or Italians "cannot look after" their own archaeological wealth, it is the collectors who preserve it by extracting it from their hands...

Author: /time Magazine | Title: Art: Hot from the Tomb: The Antiquities Racket | 3/26/1973 | See Source »

Perew is leaving for the Far East, and we watch him try to pull one last manipulative ploy. He wants to saddle Lacey with his mistress, a promiscuous lush 14 years his senior who hangs out at a local pub called The Green Man. She is the unseen Julia of the title. Lacey refuses, but that scarcely settles the questions Playwright Ableman tantalizingly raises. Is Perew merely a heel trying to avoid emotional remorse? Is he, perhaps, more in love with Julia than he lets on, enough to want to soften the blow of his departure? Is it possible that...

Author: /time Magazine | Title: The Theater: Teaser for Two | 2/19/1973 | See Source »

...Latest Ploy. Mintoff has a delicate problem in deciding how far to proceed with his threats. He needs the British on Malta, because the island's economy is staggering. Unemployment is up to 7%, tourism has fallen off and emigration is on the rise. Mintoff's Labor Party holds only a one-seat majority over Dr. George Borg Olivier's Nationalists and would likely lose any election held now. The Prime Minister has not exactly increased his popularity with the 330,000 Maltese by threatening to make them repatriate investments kept abroad, including an estimated $500 million...

Author: /time Magazine | Title: MALTA: Deadline Dom | 1/22/1973 | See Source »

...retain the Malta lease as cheaply as possible. Last week, as a result, Britain's NATO partners offered Mintoff an additional $2,000,000 one-time increase. At week's end, the Prime Minister had not made up his mind whether to accept the offer. His latest ploy was a rather dramatic attempt to shame NATO into upping the ante. He said that Malta would refuse all payments under the present contract but would magnanimously let the British remain, free of charge. That, at least, was a new scene in an all too familiar script...

Author: /time Magazine | Title: MALTA: Deadline Dom | 1/22/1973 | See Source »

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