Word: portfolios
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Dates: during 1970-1979
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...borrower would go to a bank and obtain, for example, $4,000 a year for five years (or $20,000 all together) to buy stock in corporations. The bank, protected against loss by the Government insurance, would put the money in escrow; a trust officer would buy a diversified portfolio of dividend-paying shares. Kelso figures that the stocks would ultimately pay for themselves through dividends. Thus the borrower could pay off the loan, then own the stocks outright and enjoy a dividend income from $20,000 of capital...
Raising the Dividends. At present, a $20,000 portfolio of high-grade stocks generally pays about $1,000 a year, or 5% in dividends. But Kelsonian economics calls for a return of at least 20%, or $4,000 a year-a level that Kelso figures could take 5,000,000 families off the welfare rolls in five years. To increase the dividend payout, Kelso would gradually abolish corporate income taxes and require companies to distribute all of their earnings to stockholders. Kelso maintains that the Government's revenue loss would be temporary and bearable. One reason is that rising...
...charge that the University serves the Military-Industrial Complex, there is convincing evidence both in Pusey's chicanery two years ago to subvert the Faculty and keep ROTC here, and in the University investment portfolio, which includes 33 of the top 100 defense contractors. What of the more difficult issue of the CFIA? The question is subtle, perhaps more subtle than the Weatherman raid of the CFIA implied, but infinitely more so than Pusey's pointless vindication of their "fine scholarship" implies. Of course they do "good" work. The Harvard Faculty is made up of intelligent men. But what...
...glorious thaw," he trudged out to a nearby woods and had hardly set up his easel when a thunderstorm came up. "I decided nothing was going to stop my painting." he recalled later, "and hurriedly got my huge beach umbrella and my raincoat. I protected my legs with a portfolio (the wind holding it in place). And so I painted with my nose almost on the paper with thunder crashing, boughs breaking and rain falling in torrents...
...nations with parliamentary systems, resignation from high office on a matter of principle is common. If a Cabinet member disagrees with his Prime Minister on a basic issue of policy, he normally quits and tells why. Thus, Britain's former Foreign Secretary George Brown resigned his portfolio in 1968, complaining about what he thought was Prime Minister Harold Wilson's high-handed one-man rule. Some years earlier, Wilson himself left Clement Attlee's regime in protest against an emphasis on arms over social welfare. Anthony Eden suffered similar Cabinet defections as a result of his Suez...