Word: swap
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Cultural Defoliation. The signs of anti-Americanism are most obvious in Saigon. Nightly, along the city's gaudy Tu Do and Hai Ba Trung streets, G.I.s and South Vietnamese troops swap insults and punches-often over the favors of bar girls. In one such honky-tonk brawl earlier this month, a major in the Vietnamese Rangers chopped off the hand of a U.S. military policeman with a machete. In June, two American military police who had rushed to a bar in response to complaints that a drunken G.I. was making trouble were shot to death by Lieut. Colonel Nguyen...
...here. They come down from Alabama and Mississippi and upstate Louisiana to do drinking and get in their sin here. They go to strip shows and cackle and burp. They're drunk all the time in an aggressively unfriendly way. They bring their wives some of the time and swap them with their friends. They have Kodaks and stupid shirts and they never smile because they're just incredibly miserable and they come down here to reach new heights in misery. They have short hair, despicably short hair; it makes them look ugly. Sometimes I worry about your friendly suburban...
...bankroll oil exploration, highway construction and even occasional European government deficits. Without them, Europe would lack the investment capital to sustain its present Dace of economic growth. The Eurodollar pool has also become a leading haven for nervous money. Fearful of devaluation, individual speculators and treasurers of large corporations swap comparatively weak currencies like British pounds or French francs for Eurodollars...
...considered to be practically an unofficial agency of the U.S. Government, feels threatened by Resorts International, a onetime paintmaking company whose primary asset is a Bahamas gambling casino and a few hotels. Resorts' total assets are about a quarter the size of Pan Am's, but through a complex swap of securities, Resorts may become a major Pan Am stockholder. Last month Wall Street rumors whispered that U.S. Steel, with its $5.6 billion assets, was on several lists of takeover targets. The company has revamped its bookkeeping, as have many other steel companies, to increase reported earnings in an obvious...
...IOUs used to pay for companies. Like bonds, which they resemble, the debentures offer a fixed rate of return in interest. Usually the principal is repayable 25 years later, in two installments. Under that arrangement, recipients of debentures qualify for the so-called installment-sale tax provisions. If they swap shares in a target company for the conglomerate's deben tures, they pay no capital-gains tax on the deal until they get their money back in 25 years. Debentures are doubly attractive because they are generally convertible into common stock at an above-the-market price. For the companies...