Word: hoarding
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...loot was handed out last month in Key West at the offices of Treasure Salvors Inc., the outfit that found the hoard on the ocean bottom. Three years ago, the investors, ranging from a California brain surgeon to a Florida auto dealer, paid $20,000 for each of the 35 units in a unique tax-shelter limited partnership. The deal was the brainstorm of an ebullient New Jersey tax-shelter specialist, Jerry Burke, 50. The money entitled the investors-partners to 17.5% of anything recovered during 1980 from the Spanish galleon Santa Margarita. That ship and a sister ship...
...Data Resources: "With storage costs still significant and traders aware that they can pick up all the oil they need in five minutes on the spot market, there's no incentive to start buying yet." Greenspan points out that the fear of shortages that led refiners to hoard oil in the past few years is largely gone...
...denies that Chrysler's progress has been prodigious. Had not a debilitating five-week strike last fall in highly profitable Canadian plants crippled operations, Chrysler would have eked out a profit in the auto business. More astonishing, the once cash-starved company now has a cash hoard of $900 million. Wall Street has halted its death watch: last year Chrysler's shares more than quintupled in price, from 3% to 17%. It was the second best 1982 showing of any stock on the New York Stock Exchange, surpassed only by Coleco Industries' rise from...
...serve power, as in government. Officials, administrators, bureaucrats and legislators can come to enjoy the capacity to hide not only legitimate sensitive material but incompetence, wrong judgments and ethical transgressions. It is no wonder that in democracies as well as in tyrannies, government tends to expand its capacity to hoard information. The U.S., to be sure, took steps to check and curtail this federal capacity in the wake of the excesses surrounding the Viet Nam War, the Watergate scandals and some mischief credited to the CIA and FBI in recent decades. The Government has nonetheless already accumulated a good deal...
...Muppet Movie," Dec. 24 CBS figures that a lot of kids stay home on Christmas Eve, so they're capitalizing on this opportunity to repeat this 1979 family movie hit Yes, all the Muppets are here, along with a hoard of "special guest stars" who couldn't find other employment at the time this movie was being made...