Word: stocked
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Dates: during 1970-1979
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Somehow, when stock market investors get panicky and start to sell at unusually low prices, large institutions like insurance companies and pension funds always move in to save the market--and pick up a few good bargains at the same time...
...though the purchases so far have not been huge, and will at most mean an increase in stock holdings of roughly 10 per cent, that's a significant move for Harvard's exceptionally prudent money managers--a sign that they believe the Fed's program will help the economy in the long run and revive both the markets and Harvard's latest investments...
...novelist in 1969 is, I agree, a bit like being in the passenger railway business in the age of the jumbo jet: our dilapidated rolling stock creaks over the weed-grown right-of-ways, carrying four winos, six Viet Nam draftees, three black welfare families, two nuns, and one incorrigible railway buff, ever less conveniently, between the crumbling Art Deco cathedrals where once paused the gleaming Twentieth Century Limited...
Liddy summarized: "The CIA suspects Greg is linked to the Soviets. Rick, armed with documents stolen from Greg's safe, sets out to prove the connection. He shrewdly manipulates some multinational stock holdings and prepares to take over Greg's company. Greg kidnaps T'sa Li and runs her finger through a meat grinder. T'ang Li rescues his sister. Greg escapes by plane but Rick, piloting his private Messerschmitt, knocks him out of the sky in a dogfight over Manhattan...
Another new compensation wrinkle that more and more employers are adopting is the Tax Reduction Act Stock Ownership Plan, or TRASOP. Under a law passed by Congress in 1975, a company can get an extra tax credit of up to 1% of its investment in new plant and equipment if it distributes that tax saving to employees in the form of company stock. The value of TRASOP to employees is lessened by the fact that they get the shares only when they leave the company. While this and other new departures in pay are engaging enough, most earners would probably...