Word: stockings
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Dates: during 1980-1989
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When it gets right down to the nitty gritty of laying blame and answering the elusive question "why?," the report comes as the authoritative, official "Oh my God!"--the stamped-in-ink echo of last year's uproar. The report gets stuck in a set of stock condemnations--hasty, unreasonable, reckless--that don't tell us anything...
...banks and thrifts have launched a strenuous effort to keep the brokers from hijacking their customers. Many have teamed up with investment firms so they too can offer stock packages. More visibly, financial institutions are showering consumers with promotional giveaways and extending hours. Customers who open an IRA at North Carolina Federal Savings and Loan in Charlotte automatically enter a drawing for a free round-trip Piedmont Airlines ticket, which can be used on any of the routes the carrier flies, from Miami to San Francisco. New York City's Dollar Dry Dock Savings Bank is offering new IRA depositors...
...ball bearings without which the construction of the SS-20 missile would have been impossible. J. Fred Bucy, president of Texas Instruments, itself a trading partner of Moscow's, told a Senate panel in 1977 that "the transfer of militarily significant technology has been of major proportions." Harvard holds stock in Ford, Swindell-Dressler and Texas Instruments. Yet we hear no calls for divestiture from these companies, all of which have clearly abetted Soviet expansion...
Those who want to use Harvard's stock portfolio to make a moral statement are very selective in their morality. Their criterion for divestiture is not that a company play a role in supporting dictatorship, but only that it operate in South Africa...
...high regard as an academic institution, but it will command much less respect if it takes political stands on matters unrelated to education, especially among businessmen who regard these stands as the product of student protest and campus unrest." (President Derek C. Bok, "Reflections on the Divestment of Stock," April...