Word: stockings
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Dates: during 1980-1989
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Unemployment is near a 14-year low. Inflation has been cut to about a third of its pace in the early 1980s. Interest rates are only half as high as eight years ago. The U.S. economy shrugged off the October 1987 stock-market crash to record a sixth straight year of growth, a feat unprecedented during peacetime. So why, given the fact that pocketbook issues eventually dominate almost every presidential campaign, is George Bush not running away with the election...
...fierce battle for $10.6 billion Dayton Hudson last fall fizzled when the stock market crashed. Like other raiders caught in the middle of takeover attempts, the Hafts took heavy losses ($104 million), selling off their Dayton Hudson shares at a sharply lower price. But they were on the trail again by January, closing in on Stop & Shop. Kohlberg Kravis Roberts stepped in, as it had with Safeway, to help engineer a leveraged buyout, but the Hafts made $17 million dumping their stock as the price rose. Wall Street wags joked that Kohlberg should pay Dart a finder...
HARVARD, thanks once again to its vast stock holdings, is getting a chance to put itself at the vanguard of the newest shareholder activism drive--divesting from American tobacco companies--and it looks as though it may accept the challenge. This may come as a surprise after Harvard spent more than a decade resisting calls for its divestment from stocks in South Africa-related companies...
...administrators which advises the Corporation on ethical investing, to recommend to the CCSR that Harvard divest from these companies. Ironically, the ACSR also once recommended that Harvard divest from its holdings in South African-related companies. This was advice which the University, which retains about $200 million in such stock, has largely disregarded-much to its discredit...
THIS must be a joke. Harvard is considering divesting its stock holdings in RJR-Nabisco and Philip Morris because promotional techniques in third world countries are often heavyhanded, and the companies do not place warning labels on cigarette packs there...