Word: pratt
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...defense lawyer decried the "mass condemnation proceedings," but New York Federal District Court Judge George Pratt was unmoved. Pratt ordered jail terms for six former elected officials convicted of bribery and conspiracy, the first sentences handed down in the Justice Department's Abscam operation...
Lunch-bound, Rouse strolls across the brick promenade to the Pratt Street Pavilion, passing broadside the still formidable-looking cannons of the three-masted frigate U.S.F. Constellation, one of the first warships commissioned by the infant republic in 1797. The developer looks in on several retailers in the Pratt Street complex, which houses mostly smart boutiques and specialty stores like the Chesapeake Knife and Tool and the Powder Room, which sells cosmetics. The Rouse Co. carefully screens the tenants in all its projects. At Harborplace, out of an initial 2,000 applications, only about 30 were chosen. Says Rouse: "When...
Buoyed by those and similar recent successes, venture capitalists are investing money ever more rapidly on ever more exotic business proposals. Last year 145 new companies were started with venture capital, 53% more than in 1979. By year's end, according to Stanley Pratt, editor of Venture Capital Journal, these companies will have poured a record $1.1 billion into infant businesses. Says Pratt: "This is still a minor blip in the capital structure of this country, but it is a critical amount for the American economy...
...long development time and the potential for failure help explain why venture capital funds have had little appeal for small investors. Although the public can buy about two dozen venture capital mutual funds, these have not been popular. Says industry expert Stanley Pratt: "People should not expect these new companies to grow like weeds. It will take a long time for an investment to mature." Pratt advises the small investor who is interested in such firms to buy their shares after the new companies make their first public offering...
...paper tiger. Defense contractors can produce weapons even at today's slow pace only with ruinous cost overruns. The contractors blame the military for constantly revising plans; the Pentagon blames the contractors for slovenliness and inefficiency. Meanwhile, production lead times stretch out: the order-to-delivery time for Pratt & Whitney's F-100 aircraft engine, for example, has lengthened from 19 to 38 months in the past two years. Experts warn that the industry does not have the capacity to build arms at the pace that Reagan wants. General Alton D. Slay, head of the Air Force Systems Command, told...