Word: cashing
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Dates: during 1980-1980
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...depravity. For all its sermons to the contrary, the world loves a big spender. We cannot help ourselves. We may be stripped of all our possessions, out in the cold, down to our last charge plate (not one from Saks), and standing last in a breadline that accepts only cash. But let a Silver Shadow come humming along, and our hollow faces will suddenly be laved in an involuntary beatific glow, like the Ancient Mariner just before the bird dropped...
...Harvard was sadly out-rebounded 31 to 52 for the Minutemen. With all other statistics more or less equal, the Crimson's lack of punch under the boards gave the opposition ample opportunity to cash in the basket, if not on the first try then on the second, third, or fourth, while the hoopsters offense had to rely on the single shot hit-or-miss technique...
...reason for the waves of big-volume trading was that cash-rich institutional investors such as insurance companies, pension funds and mutual funds have lumbered back into the market after months of sitting on their wallets while awaiting the outcome of the presidential race. Says Kenneth Rolland, an executive vice president of New York's Chemical Bank: "People think a Reagan Administration will cut Government spending and institute tax reforms that will stimulate investment and savings. Investors believe that the climate will be very good for financial assets like stocks." Adds Investment Strategist David Bostian of Bostian Research Associates...
...Soviet bloc country whose economy is based on Marxist-Leninist dogma, is appealing to the capitalist West for financial aid. Warsaw has asked Washington, to which it is already in hock for $ 1.2 billion in assorted credits, for another $3 billion in assistance. The Polish government clearly needs the cash: it must pay off foreign lenders and continue to finance the food imports required to keep the Poles from becoming more restive than they...
...industrialized nation. West Germany has also accumulated a national debt so large-it now totals $231.8 billion -that it became a highly emotional issue during the recent election campaign. All of this has prompted many holders of marks to switch into dollars, pounds and francs in order to cash in on the interest rates, as high as 16%, being paid in countries with far worse inflation. German investors tend to be especially jittery because of the runaway inflation they suffered before and after World...