Word: doubledealing
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Since June, 1955, the endowment fund of the University has doubled and since Cabot's installation as treasurer in 1948, the fund has increased almost five times over. Cabot originated the policy of investing Harvard's money in common-stock investments, rather than the previously traditional holdings in mortgages, long...
In Rome, Butcher Alberico Amati tried to be more subtle when an undertaker moved in next door, casting a pall over Amati's business. In reply, Amati propped up a pair of buffalo horns and insulting poems in his window; the display drew him an eight-month suspended sentence...
Misleading Totals. The Penn-Central merger announcement came at a curious time: almost simultaneously, both roads issued bullish annual reports. Pennsy Chairman Stuart T. Saunders, 55, glowed over his road's best performance in eight years: earnings doubled, revenues reached a record $907 million and the road resumed paying...
Restoration v. Reabolition. On the other hand, no one yet has the slightest evidence suggesting how many people who never commit murder are in fact deterred by the death penalty. The electric chair* thus remains in 23 states and the District of Columbia, the gas chamber in ten states, the...
Riskier Items. The McClellan hearings are the more embarrassing to bankers because they come just when a debate is heating up over whether U.S. banks have overextended credit. Squeezed between rising interest costs paid to depositors and stable rates on loans to business, banks are shunting more and more money...