Word: stocked
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Dates: during 1960-1969
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...deferred consumption, the way to make more of it is to increase savings. The U.S. by far leads the world in total savings and capital formation. Economist John W. Kendrick of George Washington University has calculated that Americans have accumulated financial assets of $2.4 trillion, mostly in bonds, stocks, savings accounts, pension funds and life insurance. Last year the U.S. added $129 billion to its stock of capital in the private sector of the economy. The greatest source was not people but businesses, which added $90 billion, primarily through reinvested earnings and depreciation allowances...
...cafeteria that thinks like a conglomerate. Over the years, Morrison's has branched into fields ranging from coffeemaking to insurance, with the result that noncafeteria operations accounted for 27% of last year's profits of $1,885,-000. This week, in a $7,600,000 stock-swap deal, the company takes over Memphis-based Admiral Benbow Inn, Inc., which operates a chain of 15 restaurants and ten motels...
...Miami to make his case at Rosenstiel's winter lome. His offer was one that not even Rosenstiel could turn down. For 945,000 Schenley shares owned or controlled by Rosenstiel, Riklis agreed that Glen Alden would fork over a cool 575 million-or $80 a share for stock hat had been trading for around $65. Last week, with the Rosenstiel stock in hand, Riklis was readying an offer, valued at $410 million, for the remaining Schenley stock...
...currency, the U.S. could muster another $10.4 billion of gold for the defense of the dollar abroad. By discomfitingly small margins, the measure squeaked through Congress just in time. Last week, as the scratch of President Johnson's pen abolished the gold cover, the depleted U.S. gold stock just equaled the required...
...permanent increase in each country's liquid assets. SDKs would exist only on the books of the IMF and its member nations. Only governments would be eligible to use them-and only to settle debts (not, for example, to buy goods or to raid another country's stock of gold). Ordinary tourists and businessmen would still settle their bills in the familiar national currencies...