Word: stockely
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Dates: during 1970-1979
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...Assistance to a bank in which Flood owned stock. A Mountain Top, Pa., real estate development called Crestwood Hills ran into financial difficulties in 1974: then it became part of a Luzerne County housing project subsidized by the U.S. Department of Housing and Urban Development and was able to make some of its payments on a $3 million mortgage issued by the First Valley Bank, in which Flood owns stock. Investigators are exploring a possible conflict of interest in Flood's dealings with...
...counting on any change in voter sentiment. The left would lose, he said, because after the first round of voting, the Communists would refuse to give their support to front-running Socialists in the second round. He was not alone in that opinion. The depressed Paris stock market rose 5.9% over the past two weeks on the strength of similar and perhaps equally wishful thinking...
...conceivable that the bank stock sale was a purely financial decision. But if the University decided to unload bank stock that had proven to be more trouble than it was worth, it surely would have chosen to do it this way--with a minimum of publicity, without meeting the inherent social issues head-on, without having to take a moral stand...
Mackay Shields Financial Corporation, the investment firm that bought the Citicorp and Manufacturer's Hanover stock in 1976 and recently sold it, seems to have been unaware of the importance on campus of the divestiture issue. While Shields and the four other independent firms helping to manage Harvard's investments only control about 10 per cent of the portfolio, it is irresponsible for Harvard to let anyone make University investment decisions without considering the social implications of those decisions...
...will recommend an investment policy this year which will be significantly less kindly to companies upholding apartheid. The Committee has not made that decision yet, though there have been advance signs that the ACSR has already ruled out some of the more far-reaching possibilities, like divestiture of stock in offending companies, and it is always possible, though highly doubtful, that it will recommend a socially progressive investment policy to the Corporation. It is too early to damn the ACSR for a decision it has not yet made, but at times it seems to be merely an elaborate charade...