Word: putting
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Dates: during 1960-1969
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Linder's socio-economic put-down is based on the assumption that the rarest element on earth is time. Time cannot be stored or saved, or consumed at a rate faster than it is produced. The rich man has no more of it than the pauper-and no less. Previous economic theory, says Linder, fails to take into sufficient account that leisure time must be consumed, either by doing something or doing nothing. For a society both af fluent and leisured, and anxious to put every moment to good use, there are simply too many things to do. Overwhelmed...
...This bloody boat is falling to pieces!" he wrote after eleven days at sea. After two weeks, Crowhurst surmised that he was running dead last in the race, and began debating in his small, neat handwriting whether he should chuck the whole thing and put in for home. But he noted that he needed the $12,000 prize money to solve his financial problems. Depressed and once physically ill, he devoted long passages to his inability to admit failure, even when he realized it was certain. "Superficial assessments of success or failure are worthless," he rationalized...
...confident generation, which has known only good times. Many investors are heeding brokers' advice to hold on and ride out the difficult period. "Hell, I've got no choice," says an Akron rubber-company executive who early this year sold all his previous holdings and put the proceeds into Nuclear Corporation of America at 5 and Aero-Flow Dynamics at 14. Last week Nuclear sold as low as 41 and Aero-Flow dipped under 12. Says the executive: "I can't sell. I can't afford the loss." Besides, he adds, "The market is bound...
...investors missed the market slide. An Atlanta woman sold her stocks in May and put the $23,000 proceeds into underdeveloped land. "I won't have to worry about it every day," she says. Thomas H. Chmielewski, 29, a business planner at General Electric in Manhattan, has minimized his losses by buying in the Japanese stock market as well as on Wall Street. Last spring he put $6,000 into Nomura Securities Co., an investment banking house, and $4,000 into Ikegai Iron Works, a machine-tool company. Ikegai has risen slightly; Nomura declined, but nowhere near as much...
...Cohen, a whirlwind policymaker who had greatly speeded the pace and expanded the variety of SEC regulatory activities. "Judge" Budge, a former Idaho Republican Congressman and state district judge who served as one of the SEC commissioners for more than four years, is quite different. He is likely to put off a study of an important question for a month or so until an SEC aide returns from vacation. In making policy, he allows securities-industry leaders to talk themselves out on any pending matter and encourages the four other SEC commissioners to voice divergent opinions at great length, while...