Word: stocked
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Dates: during 1960-1969
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...rifle must be locked solidly into the shoulder, with the stock flush along the jawbone. The left hand is almost fully extended, holding the barrel, and the right hand snaps off the shot. The gunner keeps both eyes open and on the top of the target, since most shooters instinctively shoot low. He does not aim. "That's a dirty word around here," says a Benning sergeant...
...nomads, while most live in villages and cities (some very big: Baghdad, 2,200,000; Cairo, 4,200,000). Egypt is the Arab "capital," which fielded the largest army against Israel. But Egyptians were not originally Arabs, although they are now so considered. They come of Hamitic stock, a submissive people widely weakened by disease and the Nile climate, who have rarely in history won a war. The Saudis, among the purest Arabs, are also among the best fighters, but did not really fight Israel. Arabs fight bravely enough on their own soil-as the Algerians did against the French...
...Wall Street, news of the commission's ruling came as still another blow to A.T. & T. stock, which, with some 3,100,000 owners, is the most widely held in the world. It reached an alltime high of $75 in July 1964, then began falling, and was further depressed by the FCC investigation. Last week A.T. & T. slumped to a 1967 low of $53.25. The loss in value of the stock since the 1964 high: $10.5 billion. Nor is the FCC quite finished with the subject of A.T. & T. In the fall, the commission will launch a new phase...
...year. It is no coincidence that the councils coincide with meetings of Maryland Cup Corp., headquartered in the Baltimore suburb of Owings Mills, established 56 years ago by first generation Joseph and Nathan Shapiro. Although the firm went public six years ago, Shapiros still own 65% of the stock and dominate its board with ten of twelve family members, headed by Joseph, 79, as chairman and Nephew Arthur H., 57, as president. In what amounts to a neat feat for nepotism, Maryland Cup has quadrupled sales in a decade, this year expects to top $100 million for the first time...
...modern corporation has become just too large for any individual to swing much power. The entrepreneur, like the father of a bee, "accomplishes his act of conception at the price of his own extinction." Shareholders cannot even pretend to power because ownership of stock has become so diffuse. Big capitalists and bankers have lost influence because the typical corporation generates its own funds and does not need to borrow so much. The corporation has also become so bafflingly complex that even the chief executive is often little more than a symbol, a cheerleader and a rubber stamp for decisions that...