Word: spent
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Dates: during 1960-1969
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...pornography applies equally well to adults and is the assumption behind his bill. When they are freely available, he believes, "pornographic books and pictures very quickly become boring and distasteful to adults with a normal sexual life." He is backed up by a four-member professional commission that spent two years studying the subject. The public's interest in pornography, he maintains, is mostly "the result of curiosity about what is forbidden...
...dividends and interest from his investments, he would "get gusted"? Not in the legal sense, certainly. In the first place, according to an official in the Treasurer's own office, only about 40 per cent of the endowment is restricted to principal. The other 60 per cent could be spent in its entirety if the Corporation saw fit. Yet even for that part whose income, by the terms of the bequest, is all that can be used, the principal is legally defined as only the original amount of the gift and certainly not the market value of the stocks bought...
...reationale behind all this saving is that the maximum which prudence allows is being spent from endowment income. Taking a larger share of the load not borne by fees would be, on the long run, suicidal. Is this true? From the end of the Second World War to 1967, the market value of the general investment almost sextupled, which means an average increase of about 8.4 per cent a year compounded. This annual rate of increase is made up mainly of value appreciation but it also includes gifts for capital and undistributed "income." Put in more general terms, the investments...
...public conscience, dormant but not dead, proved the most frustrating challenge of the Senate campaign. Voters were angry. The media played up the violence in the street, which had an entertainment value, but the causes of violence received scanty coverage. Gilligan's son Don, a senior at Harvard who spent most of first semester in Ohio, concluded" "We didn't really understand the way people were thinking. We hammered away at the solutions which were necessary: getting out of Vietnam, rebuilding the cities. But what people wanted to hear about were the riots and crime. In small towns, all they...
...reason to be skeptical of just what the communications explosion is communicating. His campaigns in Ohio suggest that an issue-oriented approach may have liabilities when used on voters who have not heard and do not want to hear certain issues discussed. And since his Republican opponent out-spent him 5 to 1, Gilligan must wonder whether these voters ever got to hear...