Word: pocketing
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Even as he lay dying, Franco made one final effort to maintain a hold on Spain's future. After announcing the dictator's demise, Arias fished a large white envelope from his jacket pocket and read what he called "Franco's last thoughts on his final day of work." The message had been written on Oct. 20 and typed up that night by his daughter Carmencita. In it, the Caudillo declared that the hour had come for him to appear before God's "unquestioned judgment." He forgave his foes, adding haughtily, "I do not want...
...that happens, the nation's economic recovery will get a much-needed lift. Where previous recoveries have been led by upturns in housing and autos, this one is being paced by over-the-counter sales of everything from high-fashion dresses to pocket calculators. Retail sales have been generally rising since late spring. Last week several major retailers reported third-quarter sales gains over the 1974 period: J.C. Penney Co. was up 8.4%, to $1.9 billion; Allied...
...would later build his beloved wilderness retreat. A lifelong conservationist, naturalist and enthusiastic hiker-climber, he began challenging mountains as a boy in order to rebuild legs ravaged by polio. After graduating from Whitman College, he hitched a freight to New York City, arriving with 60 in his pocket, then worked his way through Columbia Law School-once writing a text for a law correspondence course in a subject he had yet to take himself...
Part of what is hobbling Joe is his team. As recently as last year, Namath's spot in the passing pocket was secure. No more. He has been sacked more often than any other quarterback. The Jets are also dead last in defense. Furthermore, Coach Charley Winner has made almost no moves to vary his offense or bring along a back-up quarterback. So Joe is out there Sunday after Sunday, limping for his life. "I'd like to say it can't get any worse," he says, "but I am not really sure...
...Polaroid. The vast majority of options are never exercised, and the average option buyer holds onto his contract only for about a month. The stock covered by options is held mostly by institutions or wealthy individual investors who sell calls on shares they already own. Their strategy: to pocket the premiums and to hedge their position by setting a floor price for their holdings...