Word: shorting
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Dates: during 1960-1960
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...gold rush that sent prices spiraling to a six-year high on the London market reflected foreign worry about the soundness of the U.S. dollar. It was a short-term rush; last week gold prices plummeted close to the U.S. price of $35 per oz. The gold balloon was deflated by the U.S. Treasury's firm announcement that it 1) has no intention of devaluing the dollar, and 2) is prepared to sell all the gold needed to stabilize the price on the London market...
...five short years the Jim Walter Corp. has climbed into the No. 2 spot among the nation's builders of homes finished or unfinished (trailing only National Homes), built and sold nearly 14,000 in its last fiscal year. More remarkably, since shell homes do not qualify for FHA or veterans' mortgages, the Jim Walter Corp. financed and insured most of its house sales itself, often with no money down, only the pledge of the land (which the buyer must own outright) against default. The company's assets have grown from...
Lonesome Traveler is a title that needs a banjo accompaniment, and so does the book itself - a collection of short pieces about the wandering years in which he ambled through the experiences that look so impressive when summarized on the back of a dust jacket. Kerouac is daffy and exuberant as he tells of working as an apprentice brakeman on the Southern Pacific Railroad, flunkeying on a freighter from Oakland to New Orleans, blasting exaltedly on O(pium) with a Mexican narcotics wholesaler. But the author is not wholly a praiser of his own beat-romantic past. He admits...
...conversion attempt, Princeton tackle John Craig came in fast to hit Bartolet's arm as he was trying to pass, and the ball fell far short of Jim Nelson, the intended receiver. The Tigers then ran out the clock and preserved their victory...
Thus the Crimson's gallant bid to retain its title in the face of prohibitive odds fell short. Coach Bruce Monro's varsity began to fly danger signals in its 7-3 win over Columbia, and it seemed that the roof fell in as the Crimson bowed to Dartmouth, 5 to 3. Still, a triumph Saturday would have kept the Crimson hopes alive, and it almost materialized...