Word: stockely
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Dates: during 1970-1979
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...only one left after failed marches, failed petitions, and failed discussion--it should not be supported. Support for such a Fund should come only after the Harvard Corporation has adopted an investment policy which clearly supports the withdrawal from South Africa of all American corporations in which it owns stock. Until that time, I would urge all seniors to totally boycott both the Harvard Gift and Capital fundraising drives, and send letters to the President and Fellows encouraging them to adopt a socially responsible investment policy...
Sure enough, when Murty tried to move his stock out of France, the shipment was blocked by Jean Romanet, head of the Jockey Club, and by Henri Blanc, of the state-owned National Stud. For reasons still murky, they refused to sign export licenses, claiming that they were acting under orders from the Agriculture Ministry. But ministry officials denied any knowledge of the affair, says Murty. At about this time the National Stud received a donation from the Aga Khan of three stallions, worth at least $90,000. Says Murty: "I believe the Aga Khan gave the stallions...
Moving behind the scenes, the Aga Khan had made a separate bid of $9.3 million to Boussac's receivers for 144 of the stable's horses, as well as $1.3 million for the Murty stock. Arguing that it was in the interest of Boussac's creditors to see the equine assets sold to the highest bidder, a bankruptcy court in Paris overturned the Murty deal, ordered the American to hand back his 56 horses to the receivers and told him to wait with other creditors for the return of his money...
...spring. Still, that will be enough to weaken loan demand and cause overall interest rates to turn down. The economists expect the banks' prime lending rate to rise from the present 11¾% to 12½% or 13% in early summer, and then decline, perhaps sharply. Thus, the stock market should rise later this year. Wall Street rallies often begin during recessions...
...compares the cross section of a moment in history to a severed leg of lamb, "where you see the ends of the muscles, nerves, sinews and bone of one piece matching a similar ar rangement in the other." His characters "sink their teeth" into "weighty problems," accept things "lock, stock and barrel," and come to clanging conclusions like: "The old order of things was as dead as a doornail." After an hour or two of this, who could be blamed for edging away from the bar, despite Farrell's undoubted substance and seriousness, and going inside for some dinner...