Word: stocked
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Dates: during 1970-1979
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...Guards burned Bibles in the streets of Shanghai for several afternoons. When boredom set in, the surviving stock was sent off to a pulping plant. In Xiamen (Amoy), a similar burning took place but with a sinister twist: Y.M.C.A. and Y.W.C.A. workers were forced to kneel by the books until their cheeks and hands blistered from the fire. All over China, church buildings were pillaged, closed down or turned into warehouses. Chinese Christians were often tortured or killed if they did not repudiate their beliefs. At the height of the 1966-69 Cultural Revolution, the last eight Western Christian workers...
...acquired a succession of rundown papers and turned them into a string of profit makers that stretched from Alabama to Oregon. In the 1950s he started buying already lucrative properties, among them Conde Nast, publisher of Vogue. His family-owned dominion (he had all the voting stock) now encompasses 29 newspapers (biggest: the Newark Star-Ledger and the Cleveland Plain Dealer), seven magazines, five radio stations and a score of cable TV systems. Running his empire out of a battered briefcase, Newhouse cared little about his papers' content and read only their bottom lines. Said he: "Only a sound...
Chairman John Riccardo and President Lee lacocca temporarily waived their annual salaries of $360,000 in exchange for cash or credits tied to the value of Chrysler stock. If two years from now the stock price is unchanged from the August closing average of around $8, each executive will get back all his deferred pay; if the stock doubles, each will receive double, and if it halves, each will get only half. Meanwhile, the company also announced salary reductions of up to 10% for about 1,700 executives...
...Huangpu (Whangpoo) River or just wander about aimlessly. There is a lot of window-shopping: by men at the new Jinxing television store on Nanjing Avenue, by women at the First Department Store's display of pleated skirts. In neither location are the displayed goods in stock. Other young people simply while away the hours gazing at goldfish from the deck of the Yu Gardens Tea House...
...taxes on revenues of $108 million from sales of electricity, water, gas, telephone, and sewage services to some 500 communities in ten states, from Hawaii to Vermont. The company is helped significantly because Rosenthal persuaded the IRS in 1955 to allow it to pay dividends in tax-free Citizens stock instead of cash (only when they sell the stock do the owners pay capital gains taxes). This unique benefit-the IRS soon after forbade it to other firms-allowed Citizens to raise capital without going to market often and paying heavy interest...