Word: prudent
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Usually a paragon of sound investment practices and prudent money management, Harvard recently followed the Star Wars fad and put $200,000 into one of the country's first robot corporations...
...Holloway group did, however, find several faults. The number of helicopters was kept to eight to reduce the risk of discovery. But the brass concluded that it would have been prudent to have used at least ten choppers. They also criticized the selection of Navy and Marine Corps crewmen who were familiar with the RH-53 aircraft but not with the kind of tough, assault flying they...
With sales slow, interest rates high and money tight, businessmen are looking for any creative way to make their bottom lines look better. One sharp-pencil technique is euphemistically called "prudent cash management." But to its victims this is the old game of "Your check is in the mail." Says John Gordana, president of Equitable Adjustment Service, Inc., in New Jersey: "Normally responsible executives with good credit records are conjuring up ingenious techniques to stall or avoid bill payments...
...movement has also produced a variant sect of soft-core survivalists. They share the more moderate belief, long held by Mormons, that it is only prudent to have a year's store of food on hand in case of pestilence or famine. Their grand sachem is Howard Ruff, 49, devout Mormon, professional pessimist and author of How to Prosper During the Coming Bad Years (2.5 minion copies sold). Ruff is the economic evangelist behind Ruff Hou$e, a half-hour syndicated television show that preaches to 2 million viewers every week the benefits of investing in hard goods, gold...
Moscow Bureau Chief Bruce Nelan reports that TIME'S coverage of the Olympics has gone smoothly. Almost. George Plimpton, author and professional Walter Mitty, was dispatched to Moscow to write a tourist's-eye view of the host city and the Games. Writes Plimpton: "It was deemed prudent for me to maintain my cover as a tourist. TIME Sport Writer B.J. Phillips, in Moscow and accredited to cover the Games, was to be my mail drop. She said she would not be hard to spot. She had broken an ankle three days before leaving...