Word: sec
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Dates: during 1960-1969
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...centered on such volatile-or promising-stocks as American Motors, Allis-Chalmers, Chrysler, Flying Tiger, Occidental Petroleum and Pan American Airways. The hotter the stock, the more costly the call-sometimes as much as 20% of its current value. In its last study of the option market, the SEC found that only 40% of put and call options are exercised. "We are asked over and over whether we are encouraging people to pour money down a rathole," admits Paul Farmer, head of Goodbody & Co.'s option department. Farmer does not think so. "The problem," he says, "is to teach...
...Cornfeld's success mounted, so did protests. In the U.S., the Securities and Exchange Commission got after him last year on the grounds that his activities violated American law. He finally settled with the SEC by agreeing to stop selling Fund of Funds shares to Americans, limit holdings in U.S. funds, and sell off Investors Planning Corp., a mutual-fund sales firm that I.O.S. purchased in 1965 for $2,000,000. Cornfeld claims to be happy the way things turned out. American clients account for only 3% of l.O.S.'s business anyway-and Cornfeld figures to unload Investors...
Irked by complaints that previous nets had not screened out all contestants of doubtful femaleness, the I.A.A.F. ordered chromosome tests for European Cup competitors at Kiev. Ewa, co-holder of the women's 100-meter world record (11.1 sec.), saw no need to duck the test and readily submitted to having a few cells scraped from inside her cheek for chromosome analysis. On the basis of the microscope's evidence, three Russian and three Hungarian doctors gave the fatal verdict: Ewa is not a woman because she has "one chromo some too many...
...cowboy; during rehearsal, he hit the target in the heart 19 times straight. On the air, old Mingo took aim, let fly and ripped the cutout right in the crotch. Carson, his crew and the audience broke into a hysterical orgy of laughter that ran 3 min. 45 sec. on the tape-probably the longest sidesplitter in television history...
...open, and cabin interiors will be built of "self-extinguishing" materials. Airplane manufacturers-who have, after all, been overcrowding cabins only because "high-density" seating is what the airlines demand-will have to prove to the FAA that all passengers can be evacuated from a new design in 90 sec., rather than the 120 sec. presently required. If necessary, Jumbo planes will do it by means of 72-in. by 42-in. exits, through which passengers can escape two abreast...