Word: transferable
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Dates: during 1950-1959
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...Happy Loser. Last week Ronnie made good Harvey's threat. The boy turned up as a transfer student at U.C.L.A., U. of C.'s arch rival. U.C.L.A., his stepfather explained, has "courses more conducive to his learning." In the process of changing schools, although he has merely switched to another branch of the same university, Ronnie has lost a year's eligibility as a football player, but Harvey Knox is willing to pay the penalty in return for a chance to see Ronnie perform for two years under U.C.L.A. Coach "Red" Sanders. "I like him," said Harvey...
Cooper cast his first Senate vote-on the transfer of investigatory powers to Owen Brewsters special War Investigating Committee-against his party. He felt that the Brewster committee was a political device, and he made it the subject of his maiden speech in the Senate. "One of the most disturbing factors we have seen during the past 13 years," he said, "has been the ignoring of the rules of laws, and sometimes an actual contempt of those rules by some of those who were a part of the Government itself. For myself, I should like to uphold in this body...
Marriage Penalty. All workers' mail is censored, and love letters are frequently destroyed. If, by any chance, a romance should flower under these adverse conditions, company officials usually do not allow the newlyweds to live together, may even transfer one spouse to a distant factory. The pay of both is often reduced "because of decrease in efficiency...
Last week the company announced that it will close the plant permanently. It will transfer some carpetmaking to a new, nonunion plant in Greenville, Miss., will continue to run a carpet plant in Philadelphia and two other small mills. The union quickly offered to negotiate on the company's original terms, but it was too late. About all that there was left to do was to arrange for pensions for those eligible (almost half the workers had put in 25 or more years of service). Terming the closing "one of the worst catastrophes that has ever fallen...
Book v. Market. The merger will involve a straight stock transfer. Packard shareholders are expected to get one share in the new company for every five they own and Studebaker stockholders to get 12 shares in the combined company for every one of Studebaker stock. The exchange deal was based on the book value of the two stocks. Though Packard's total assets are only slightly less than Studebaker's, the per-share book value of its stock is far less because it has 14,491,000 shares compared to only 2,361,000 for Studebaker. Thus...