Word: prospectuses
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...foils. Santa Cruz Free University has a class entitled "Of Course We'll Like It," a forum that guarantees the uncritical acceptance of unpublished poems, unpurchased paintings and unaired songs. "Let's get together and take loving care of one another's ego," urges the course prospectus. It is hard to see how this will lead to better poems, paintings or songs. Self-indulgence could turn free universities into a travesty of education in which "rapping" replaces research, and reason gives way to sensuality...
...constitution, which would then have to be voted on by the 1,366 exchange-seat holders. The exchange has called for a committee report by July 17, and will seek the SEC's opinion. Lufkin does not intend to be put off. His firm's prospectus declares bluntly that if the constitution is not amended, Donaldson, Lufkin will go public anyway. If the stock exchange then drops it from membership, the firm seems prepared to risk the short-term loss of the 63% of its revenue that comes from commissions on Big Board trades. It would hope...
...Safeguard and would rather have the House in the position of vetoing Senate action than the other way around. The possibility of complete deadlock persists, of course. If that occurs, the Administration could attempt to win a few Senate converts by acquiescing to a modification of Safeguard's prospectus. Any such change-on paper at least-would have the aim of making the program seem more experimental and less of a firm undertaking to build a 14-site network. This would be a difficult trick to turn; the next budgetary authorization involves construction of the first two sites. Still...
...magical gifts he had was his capacity to rephrase almost anything. At one time he thought of launching himself as a sort of Universal Re-phraser for anyone who found difficulty in putting his ideas into words. The draft Prospectus ran: "You have the Ideas," "We have the Words." It wouldn't have been true that they had the ideas, but certainly Ogden had enough of both. And he created Basic English by interrogating his intelligent friends; he had hundreds of them; he belonged to seven Clubs, at least, and could contrive not to be a club bore...
...million) after a bitter battle. Posner's NVF Co., a Delaware mini-conglomerate (annual sales: $30 million), offered a package of debentures and warrants backed by so few assets that Sharon accused him of planning to raid its coffers to bail NVF out of financial trouble. Even Posner's prospectus admitted that the combine might well earn too little money to pay the $4,500,000 a year interest cost on the debentures. Last week, as Posner was elected chairman of Sharon, six of its directors quit...