Word: debt
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Dates: during 1960-1969
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...begun to investigate these acquisitive companies with a view toward eliminating the tax advantages that help them to make mergers (TIME, Feb. 21). A growing number of Wall Street analysts are beginning to suspect that many conglomerates have been overpriced. One of the most controversial conglomerates of all is debt-ridden Ling-Temco-Vought, which plans to reduce its controlling interest in Braniff Airlines from 67% to 55% and sell off some other assets, including all of its holdings in National Car Rental. L.T.V.'s stock declined last week by 81 points...
...most other people "big sots"-his way of saying big shots. He remains chairman of 20th Century-Fox, but the post is largely honorific. Having sold or given away much of the $6,000,000 interest that the Skourases had in Fox, he laments that "I'm in debt up to my neck because of this shipping business." Translation: he revels in his new role as a maritime...
...fear, hope or a confusing combination of both depends largely on the state of the reader's nerves. The explosion of puritan values-be they Christian or Jewish-has created an army of walking wounded who worry not only about whether they should be enjoying the pleasures of debt and sex, but also about whether or not they are hypocrites if they do. The result is often a pervading sense of absurdity...
...soaring cost of borrowing, which hit consumers two weeks ago when the interest rate on FHA and VA mortgages jumped from 61% to a record 71%, forced the Government itself to pay a stiff price for money. To refinance some $14 billion of federal debt, the Treasury had to offer 61% interest on 15-month notes and 61% interest on seven-year notes, the highest rates on such gilt-edged securities since...
...widowed mother, Chicago-born Stone started selling newspapers at the age of six; by 13 he owned a newsstand and had read almost every Horatio Alger book. He switched to selling insurance at 16, and four years later started his own agency with $100 in capital. Remaining in debt to force himself to work hard, he recruited a group of 1,000 agents across the country by the time he was 30. In 1939 he founded a company that later became Combined...