Word: binding
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Dates: during 1970-1970
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...Services into the largest mutual fund organization selling shares to foreigners. Denver's John King, whose King Resources sold interests in oil wells and other holes in the ground, tried to come to Cornfeld's rescue with a loan. Instead, King himself was caught in a money bind and ousted by his board. Keith Barish, 26, a financial whiz who had made Nassau's Gramco Management Ltd. the second-ranking offshore mutual fund complex, was also hit by a wave of fund redemptions that forced him to suspend some operations. Several big-thinking Texans were deflated. James...
Albert H. Gordon '23, chairman of the Fund, said last week that the Fund is caught in an economic bind. Inflationary pressures have made an annual increase in alumni giving imperative to meet the costs of higher education, but the economic decline of the country has combined with alumni uneasiness over student unrest to hold back the needed increase...
Last week members of Quincy voted 157 to 110 to have the election, but the Quincy House constitution requires that 50 per cent of the house (205 of the 409 members) must concur on an issue for the vote to bind the committee. The House Committee voted to accept any decision made on Thursday if over 50 per cent of the house votes...
...Quincy constitution requires that over 50 per cent of the House (210 of 419 members) must vote the same on an issue for the decision to bind the House Committee. A resolution to change the rule for yesterday's election was voted down by the Committee last Monday...
Neither was very optimistic. "The majority of Jews feel very little securityin Russia today," Armstrong said. Distrust by the governing elite and popular identification of Jews with the Soviet Union's rulers, he said, "have caught the Jewish people in a bind...