Word: snares
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Dates: during 1960-1969
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...investors must put up 70% cash to buy stocks, puts and calls have undeniable appeal. They allow speculators to maintain a position in a stock for as little as 10% of its market value when purchased. With that kind of leverage the option buyer who guesses right can often snare a return of 80% or 90% on the comparatively small sum he risks...
What, then did they take away with them? The Old Harvard, or the New Harvard, or both? The tradition--from the Hood milk truck (that waited in front of Mem Hall to snare freshmen for milk deliveries) to the last Yale game? Or the disruptive part, the protest, the angry academic debates in which too few of them played a central role? One thing is clear: both Harvard and the Class of '41 had several of their assumptions and traditions challenged before World War II ever swept down on them...
...Concorde is scheduled to make its first flight on Feb. 28, 1968. The estimated price of the plane has already jumped from $7,000,000 to $21 million. Even so, the partners hope that when the 1,450-m.p.h. Concorde goes into commercial use in 1971, it will snare a sizable chunk of the market before the Boeing SST begins hopping the Atlantic at 1,800 m.p.h. in 2 hrs. 20 min.-a full 55 min. faster than the Concorde...
...sloppy third quarter saw Harvard entirely dominate the action. The Crimson seemed to snare every loose ground ball. But Hutchison's first goal of the game, coming early in the period on some beautiful maneuvering around M.I.T. defenders was the Crimson's only positive achievement -- it gave Harvard a 4-1 lead going into the final quarter...
...more universal, more readily understood than is the concept of political liberty. As we proceed, we will be able to show how justice must make room for liberty and how liberty lives only by and through the law. 'Give us that order which without liberty is a snare, and give us that liberty which without order is a delusion.' Those words state the terms of the great conversation of mankind." April...