Word: stocking
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Dates: during 1970-1970
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...Buoying Stocks. First Pennsylvania's prime cut sent cheer through the business community. The prospect of further relief from the high interest rates that have hurt borrowers for two years was a major reason why the stock market snapped back last week from an early sell-off started by the G.M. strike. California's Bank of America, the largest in the nation, is seriously considering following Bunting in lowering the prime rate to 7½%, perhaps this week. Some Manhattan bankers would not be surprised to see the cut soon become widespread. Bunting predicts that the industry...
...issue was not the only controversy in which Harvard Treasurer Bennett revealed his view of how Harvard should handle its investments. Harvard's tenth largest investment sum is placed in stock of Middle South Utilities, one of whose subsidiaries. Mississippi-Power and Light employs only 45 per cent black employees in an area where 50 per cent of the population is black. Investigations of two other Middle South subsidiaries-Arkansas Power and Light and Louisiana Power and Light-conducted by the Equal Opportunity Commission, revealed similar employment practices. One EEOC official said. in releasing the employment figures, "it is difficult...
Student critics of the Middle South investment asked not that Harvard sell its stock but that it use its prestige to change the policies of the company. Bennett sits on the Board of Directors of Middle South and Harvard owns five per cent of the company's stock. Yet the response of Harvard financial experts was to label the EEOC employment figures "a one-sided smear attack...
...brother is now a freshman at Berkeley. In his last year in high school, he invested the $500 he had inherited from my grandmother and made a couple thousand dollars in the stock market...
...Roda, John O'Grady, Rex Blankenship, and Dave Smith took turns he rest of the season, but none of them was able to show the consistency necessary for a team to get points. Harvard's passing attack became even more of a laughing stock than it had been (while talented ends Bruce Freeman and Pete Varney had to get their kicks from blocking), and the running simply wasn't good enough to make...