Word: split
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...Rising prices and falling production have intensified the conflict between millions of the poorest and some of the richest people in the world. Strikes are bubbling all over India. Communist power is rising. The Congress Party is likely to split into right and left groups and the Moslems face a similar division...
Patel would not walk alone if he could help it. He was obviously trying to base the new Indian nation on a compromise of the communal issue, a mildly rightist line in the labor split-plus full use of the police power (which Gandhi deplored but Organizer Patel did not). When the British Cabinet Mission reminded Patel last spring that he might be sent to jail again for defying the Raj, Patel replied calmly: "My bags are packed." That is the way he understands the game, and that is the way he plays it, in & out of power...
Although it continues to publish under the aegis of the Liberal Union, the "Progressive" will express HLU opinion only on its editorial page, which this month contains an impartial exposition of the recent split of the Democratic left. While admittedly the choice between the ADA and the PCA is difficult for any liberal to make, it can only be hoped that the magazine will not in the future hedge on issues. For if the "Progressive" attempts to become all things to all men by declining to fight for its political ideals, its fundamental reason-for-being will disappear...
...high-school seniors, graduates, marines and sailors will take exams for Holloway Plan scholarships. The 5,000 winners will get free educations at 52 civilian colleges and universities and a shot at regular, lifetime Navy commissions. Admiral Holloway predicts that for the next few years regular commissions will be split roughly 50-50 between Academy and Holloway Plan graduates. But he still believes that the Annapolis way is a surer-if tougher-way of making a career out of the Navy...
...have to pay only capital gains. In 1944, when industrial bigwigs were setting up their own incentive plans through stock options, Harry Greenburg got warrants from Diana Stores to buy 20,000 shares of the company's stock at $7 a share. As the stock has since been split, 4-for-1, Greenburg could buy 80,000 shares at $1.75 a share. The market value of the stock last week was $7.50. Harry Greenburg could simply sell the 80,000 shares for $600,000 and take his profit...