Word: debt
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Dates: during 1960-1969
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...whose full name is pronounced Yahn-nis Zen-nahk-ess) than for some of his peers. An accomplished architect, engineer and philosopher as well as a composer, he is enough at home with an IBM 7090 computer to use it in calculating his compositions, which owe a large intellectual debt to the universal language of science: mathematics...
...engineering the present wave of takeovers," he said, "appear to find short-term profits so tempting that they ignore long-term risks." Later, Robert W. Haack, president of the New York Stock Exchange, told another House subcommittee that he is becoming "increasingly concerned" about the real worth of debt securities that are being offered to the public in corporate takeover deals. Next day in Atlanta, Haack told a reporter that two companies have gone to such extremes in this direction that the Exchange may even delist them. And at week's end, the chief Justice
...overextended himself, as he did in 1961 when he almost lost control of his company. Last year Ling borrowed $900 million to snare Jones & Laughlin, National Car Rental, and Braniff Airways whose latest advertising campaign shows odd couples flying high. He tried to refinance part of that debt last fall, but investors spurned his efforts. Ling scoffs at the doubters. "This is just the year to kick conglomerates," he says. He planned to sell off a small slice of Braniff, most of National Car Rental and perhaps a few other securities to raise all the funds that he said...
...some European companies, where capital was kept deep in the sock," he says, "then we will never achieve full employment and raise the standard of living for the bottom third of our population." At the same time, he faults many conglomerates for expanding wildly by issuing huge quantities of debt securities of questionable value...
Cooper explained that disadvantaged black students, like everyone else, are concerned about flunking out. At the end of one year they could find themselves out of the Business School with a $5000 debt...