Word: taking
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Dates: during 1950-1959
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...investor who holds 100 shares of a stock at a profit but does not want to take the profit for tax or other reasons sells 100 shares short. When he covers the short sale by delivering the stock in which he has a profit, he receives whatever the price was at the time of the short sale, no matter how low the price may meanwhile have dropped...
...offer on the 50-ft.-long bargaining table in the English Room of the Detroit-Leland Hotel. Within 18 minutes, General Motors and Chrysler gave the U.A.W. almost identical offers. It was one more warning to Reuther that the Big Three, bargaining together as never before, might take some drastic action such as a shutdown or delay in bringing out new models if the U.A.W. went through with plans to strike Ford. Reuther plainly could not afford to fight the united front. It would break his strike war chest in a few weeks...
...industries such as electronics. In addition, the rise in productivity will accelerate the shift of workers out of industry and into retail, wholesale and service jobs, the job categories that held up best during the recession. Administration economists fear that these shifts and disruptions in the labor force will take some time to balance out because workers are understandably reluctant to go into new towns or new industries to find jobs. Historically, sharp increases in productivity have always created tough periods of adjustment. Yet more production for the same amount of effort has also always led to stable or lower...
...Tort. In London, attempting to point up the "rather monotonous English style in legal documents," the Law Society's Gazette printed a letter written by an Indian lawyer to a client: "Dear Sir, Unless you pay the rupees within seven days, we shall take such steps as will cause you the utmost damned astonishment...
Stirring the Young. Bedecked with the Nobel prize, the Order of Merit, the Legion of Honor and sixteen honorary degrees, Eliot next month will join France's small but select Academic Septentrionelle and take a seat left vacant since the death of Rudyard Kipling. Among the birthday salutes this week is a book of personal tributes (T. S. Eliot: A Symposium for his Seventieth Birthday; Farrar. Straus & Cudahy; $5). Its contributors, alongside the usual literary figures, include English schoolboys and girls between the ages of 14 and 18. most of whom sound so solemn and professional as to suggest...