Word: stocked
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Dates: during 1960-1969
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...pointed out, these conditions have been reversed, and the prospects are uniformly unfavorable for China. "We are," he said, "a far better, greater military power. We have been preparing for this kind of guerrilla-war challenge ever since 1961. We have a vast stock pile of nuclear weapons, the ultimate deterrent of any great expansion." In similar vein, when Fulbright expressed apprehension that "the Chinese may feel very nervous about a war," Taylor retorted: "They should. If they ever got in a war with us, it would be disastrous for them...
...feasible trick of arranging A.I.D. during a gynecological examination without a wife's knowledge or consent? Can he be charged with a sex offense? Should a woman whose husband is not sterile be permitted to use A.I.D. because she desires a child of what she hopes is "better stock" than her husband's? Since one donor is capable of fathering 30 children per donation, how can the law prevent incest between siblings sired by the same donor? (A doctor's privileged knowledge once headed off just such a marriage.) If records are kept, how public can they...
...last day, General Motors remained Sloan's primary interest. As its honorary chairman, he scrupulously attended all board meetings. Troubled by deafness in his later years, he took to conducting conversations by note writing. Not long ago, a journalist scribbled out a question: What is the U.S. stock with the most promising growth prospect? Without hesitation, Sloan answered: "General Motors...
Such fiscal flexibility is only what the financial community has come to expect of Lehman. In the principal business of investment banking-raising funds from the public through new corporate stock and bond issues-Lehman runs second (behind First Boston Corp.) with $1.7 billion of underwriting last year. Lehman partners and associates sit on the boards of more than 100 big U.S. corporations, including General Motors, RCA, Pan American Airways, Tidewater Oil, American Express and United Fruit. Altogether, Lehman Bros, guides or controls the investment of $2 billion of other people's money-more than any of its rivals...
...mixing process, Lehman's partners have enriched both their clients and their firm. When Charles ("Tex") Thornton and several associates quit Hughes Aircraft in 1953 to acquire Litton Industries, Lehman raised $1,500,000 for them. In return, the firm got 75,000 shares of Litton stock-for 100 to $1 a share. Last week, after three splits and seven stock dividends, each of those 75,000 shares was worth $737-though the firm has by now sold some of them. Lehman has also enhanced its growth and prestige by creating two of the largest U.S. investment trusts: Lehman...