Word: options
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Dates: during 1960-1969
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Thus, any group which tries to encourage democratic participation outside the system of political parties (which does not mean that one has no option but to work within the two existing parties) is bound to run into trouble. But unless the political parties of the U.S. are able to reform themselves, or more likely, unless a great new, genuinely democratic mass political party is established, America will prove unable to retain any degree of her democratic heritage...
...Extra Option...
Many responsible scientists and strategists make a cogent case for Sentinel's deployment. Leon Johnson, a retired Air Force general and National Security Council aide, argues that an ABM gives the U.S. an extra option in any crisis. Its existence in a future confrontation, say with a bellicose nation that has a few primitive missiles, would allow the U.S. a third alternative other than acquiescing to blackmail or being forced to devastate the antagonist. The U.S. could employ conventional forces in a local situation, knowing that a small nuclear attack could be blunted...
...addition to their professorial duties, Kain and Rainwater will help plan the Kennedy School Ph.D. program in policy analysis. The program will include a significant option in urban studies, Kain said...
...WARRANTS are often issued to sweeten takeover offers, especially unfriendly ones. The holder of a warrant has an option to buy shares of the issuing company in the future, at a fixed price. Warrants carry no voting rights, earn no dividends, involve pure speculation. Technically, they have no value at all unless the common stock climbs above the option price. They were in disrepute for most of the years since the Depression because their volatile prices make them extra risky for investors. But warrants caught on again after LTV and Gulf & Western used them to pay for acquisitions. Issued...