Word: portfolio
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Dates: during 1950-1959
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...Trujillo as Generalissimo Rafael Leonidas Trujillo calls his 24-year tyranny over the Dominican Republic, no chum has been closer, no tool more useful than Secretary of State Without Portfolio Anselmo Paulino Alvarez. Whenever islanders talk of the terroristic carro de la muerte (death car) that disposed of the regime's earlier enemies, or the later massacre of 15,000 immigrant Haitian sugar-cane cutters, Paulino's name comes up. In payment for such chores Trujillo let Paulino wrap his blimplike belly in the uniform of an honorary major general and play the role of Despot...
Died. Arthur Greenwood, 74, treasurer of Britain's Labor Party, for 37 years a top figure in British Socialism; after long illness; in London. Dour, scholarly Greenwood, known because of his encyclopedic knowledge as "The Human Blue Book" was Minister without Portfolio in Churchill's wartime coalition Cabinet (1940-42), served Labor governments as Minister of Health and Lord Privy Seal, turned down a viscountcy because of his distrust of hereditary titles...
...early 19th century, notes and mortgages predominated (60 percent of the total investment in 1831), but from 1850 on, they were rapidly replaced by bonds. Bonds, which were not even mentioned in the 1831 report, steadly climbed until they reached a peak of 73 percent of the portfolio...
...after Hooper's 22-year reign, real estate was rarely acquired; and today it makes up but one percent of the portfolio. One of the disadvantages of this type of holding is the difficulty of disposal. For over 50 years, the school has owned Bumpkin Island in Boston Harbor, and the best Cabot has been able to do is to lease it for 999 years for a total...
...special contract with the Trust Co., which keeps Harvard's securities in its vaults as well as collecting dividends and clipping coupons for the busy Treasurer. The latter job, by the way, undoubtedly involves countless man-hours, for the current market value of the school's bond portfolio approximates...