Word: debt
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Dates: during 1960-1969
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...reinvestment and growth. Although the Coop appears to have a lot of money, it really doesn't. There are not large sums hidden away in the vaults of the Harvard Trust. In fact, whenever the Coop has needed to expand in recent years, it has had to rely on debt-financing...
Because the Coop itself is in debt, it cannot be of very much direct monetary aid to the community. "To expand, the Coop had to borrow from local banks and the John Hancock Company. The terms of those loans expressly forbid us to invest in any other businesses," Brown explains. The Coop can, however, give about $5000 to charity each year, which it donates through the United Appeal...
...memory course." Ike later wrote: "It took years before I fully realized the value of what [Conner] had led me through. In a lifetime of association with great and good men, he is the one more or less invisible figure to whom I owe an incalculable debt...
...necessary before dividends can be freely transferred from one company to another on a tax-free basis. If LTV owned enough J. & L. stock, it would be able to collect about $20 million in dividends-a windfall that would help Ling pay his interest and retire some short-term debt. Thus Ling made a tender offer that expires this week. In exchange for more J. & L. stock, he will give a complicated package of LTV securities, including debentures and warrants. Last week the trustbusters threatened to seek an injunction against the tender offer, but the company negotiated an unusual pretrial...
...remarkable that when Morris Louis and Kenneth Noland came up from Washington to look, Louis adapted the technique for his own sullenly smoldering veils of color and fiery stripes. Noland borrowed it to delineate his electric targets and chevrons. Jules Olitski and Larry Poons would also admit their debt to Frankenthaler's innovation...