Word: trust
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Dates: during 1970-1970
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...brink of insolvency-or fell over it. Repeatedly, the financial community has prevented disaster by rounding up new capital for the failing firm, arranging a shotgun merger or, as a last resort, ransoming customers' stock by making payments out of a $55 million New York Stock Exchange trust fund. Last week Wall Street managed the most dramatic rescue yet, but in doing so apparently exhausted its resources for continuing the cliff-hanger...
Finally, the Big Board gave Goodbody an ultimatum: come up with additional funds by Nov. 5 or face suspension-a move that would have forced liquidation. Early last week, no one had worked up the nerve to mount a rescue, and the $55 million in the exchange trust fund was no longer available; it is fully committed to help customers of ten brokerages that earlier tumbled into insolvency. On Tuesday, the exchange's governors and representatives of 20 of the richest investment houses were summoned, on an hour's notice, to an emergency meeting in the exchange...
Talking, lots. Not pushing it. Giving the kids a chance to sit around, watch, trust. Helping kids seize control of their lives, accept the responsibility of their bodies. Not pushing kids to go home, although often, after they have lived on the streets, lived with independence, proved themselves, home is where they decide to go. Mostly just supporting kids in their break with boring, stifling environments, in their effort to find a new and better life. Limits placed on the number of those who could crash; not to be a home-surrogate...
...Democrats' "politics of trust," he added, says that "the world is a baffling and hazardous place, but it can be shaped to the will...
...most gruesome political campaigns since World War II ended on a note of high drama last night as Sen. Edmund Muskie (D-Maine) pleaded with a nationwide television audience to vote according to "the politics of trust" rather than the "politics of fear...