Word: westerns
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Dates: during 1960-1969
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...cause. At that time, the dispute, as so often in the past, focused on the status of Berlin and the plan of the West German government to convene an electoral college there this week to choose the new President for the Federal Republic. The West Germans claim that the western half of the divided city is part of the Federal Republic. In their opinion, the convocation of the Federal Assembly there symbolizes West Berlin's political inclusion in West Germany. But the Soviets and East Germans maintain that West Berlin is a separate political entity that rests on Communist...
...West Berlin Senate tried once more to reopen negotiations with East Germany, but a telex reply from East Berlin only reiterated the earlier Communist intransigence. Western diplomats were puzzled by the sudden reversal in Communist tactics. After all, even East German Boss Walter Ulbricht had sent a compromise proposal similar to Tsarapkin's to West Germany. Ultimately the most widely accepted supposition in the west was that Ulbricht had only reluctantly gone along with the initiative in the first place. By that theory, he later succeeded in persuading the hard-liners in the Kremlin leadership to override the compromise...
...Western country with a heritage of Judaeo-Christian ethics, the regulation of abortion is an immensely complex problem in which the basic medical factors are obscured by religious, moral and emotional considerations. Great Britain is now learning the lesson of history in a most unfortunate way. A new law permitting abortion under certain circumstances was passed less than a year ago as a humane effort to treat the matter as an essentially medical issue between patient and doctor. Although the new law has proved helpful to British women, it has swamped physicians and produced some socially divisive results...
After Gulf & Western was blocked by the Justice Department from taking over Armour & Co., Charlie Bluhdorn attempted to resell his 750,000 shares to the meat packer for about $60 per share. He thought he had a deal?and an $18 million profit?but Armour Chairman William Wood Prince tried a squeeze play to drive the price down to $50. His method was ingenious. Armour made a public offer to repurchase 20% of its own outstanding shares at $50 each. If successful, the move would have increased Bluhdorn's stake in Armour from 9.8% to 12½%, thus making Gulf & Western...
...pure speculation. Technically, they have no value at all unless the common stock climbs above the option price. They were in disrepute for most of the years since the Depression because their volatile prices make them extra risky for investors. But warrants caught on again after LTV and Gulf & Western used them to pay for acquisitions. Issued in moderate amounts, warrants may have no significant effect on a corporation's finances. But Manhattan's General Host Corp., which has only 2.6 million shares of common stock, last month offered 14 million warrants in its successful fight to win control...