Word: summing
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Dates: during 1950-1959
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...common stock has high leverage when it represents a relatively small proportion of a company's capitalization. Since the rest of the capitalization (e.g., bonds, preferred stock) has a fixed claim on earnings, any sum above that claim is available for common stock dividends. Thus when earnings are high, value of the common goes up fast. But when earnings are low the common stock, which gets the last pickings, skitters downward...
...practice, Jordan and his staff of assistants set out to see what they could do about keeping that hard-earned respect and perhaps adding a few more victories. And while Jordan hasn't yet come up with any new slogans for the coming year, "business as usual" might best sum up the attitude with which he begins his task...
...scudding off with Economist Schwartz to the snugger valleys of the damfool wilderness. For Author John F. Wharton, Manhattan lawyer who made a name for himself with The Theory and Practice of Earning a Living, has now taken on a far more staggering job: a sum-up of modern physics and psychology, and an answer to modern man's anguished cry: "Where do I fit in? What is there to fit into...
...question remains. Should Harvard even spend the sum of money which the McKay report calls for? If the money is used for geography, will some other department have to be reduced...
Harlow Shapley, Paine Professor of Practical Astronomy, deplored America's foreign aid program at the Boston Community Church last night. He pointed out that the United Nations spends a "grotesquely small" sum on foreign aid, while using $50 billion a year for "police activity...