Word: shared
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Dates: during 1950-1959
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Though East Pakistan has more people (46 million to 38 million), West Pakistan has the capital and the lion's share of government jobs. Many of the programs in the East are run by bureaucrats shipped in from the West. East Pakistan, say its politicians, is treated as a "poor relation." The East produces about two-thirds of the nation's foreign exchange (exports of jute, tea and goatskins), yet gets fewer development loans than West Pakistan...
...Hayden Lake in Idaho, now for sale at $95,000. "We don't live by soufflés alone," says Executive Vice President Robert T. Furman Jr. But Previews has made its reputation peddling white elephants and exotic properties. For $300,000 Tysen will sell a half share in an Irish distillery, for $182,000 the title to the Windward Island of Mustique, which Previews claims includes the right to appoint one's own parliament...
...case against Wolfson in court Aug. 5. Meanwhile, Wolfson can cover his short position only at the risk of contempt proceedings, and any broker who aids him may face the same charge. If the short sales are not covered, he runs the risk of losing heavily if A.M.C. shares rise. At week's end American Motors Boss George Romney stepped in to clear the air, also gave one reason why the stock may well rise. American Motors had no way of knowing that Wolfson was disposing of his stock,* said Romney, who praised the SEC's action. More...
...consultant a couple of months later when a stockholders' proxy fight developed because of proposals from two competing airlines to buy Colonial. Landa pacified the stockholders, managed to hold off any purchase until Colonial stock had risen. Eastern Air Lines eventually bought Colonial at $24 a share v. the $7.62 market price when Landa stepped...
...plans to make Penn-Texas an exception. "Within six months to a year," he says, "I'll stem the flow of blood." Apparently many Penn-Texas stockholders think he can do it. Penn-Texas stock, which plummeted during Silberstein's reign from $22.87 to $2.87 a share, last week gained $2.75 to close...