Word: assets
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Dates: during 1990-1999
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...individual can replicate the forest, redo it like a farmer growing a crop and do it better than nature," he says. "I can remake the old forest the same way nature did, only quicker." Talk like that riles environmentalists, who see the forest as more than just another fungible asset. Steve Erickson, whose father was in the timber industry and whose brother works in a mill, is writing a book about hiking trails. But Erickson finds it hard to share his vision of the forest. "It's like being in an artery in God's body," he says. Biologists...
...British companies and investors seized the new freedom with both hands. In recent years, net foreign direct investment by British companies has run between $55 billion and $70 billion a year; net portfolio investment abroad, almost nonexistent before 1979, is around $170 billion. In terms of its net foreign asset position, Britain ranks third in the world after Japan and West Germany...
...over the last decade, Bok broke out of his narrow focus on Harvard alone. Emerging as a spokesperson for higher education as a whole, Bok increasingly touted the research university as a major asset that can help solve the nation's social and economic problems...
...such close advisers as Secretary of State James Baker, leading the Washington establishment to conclude that he had "done another Quayle." Sununu was obviously brilliant: a three-term Governor of New Hampshire and former engineering professor with an IQ estimated at 180. He had been an invaluable political asset, rescuing Bush's faltering campaign by masterminding a victory in the New Hampshire primary. But he lacked any experience in the clannish world of Washington and was so relentlessly abrasive that one wag dubbed him "Morton Downey Jr. with a Ph.D." The smart money gave him at most a year...
With scores more S&Ls designated for sale or closure in the weeks ahead, the legacy of fraud is likely to keep paying handsomely for asset chasers like Pankau. His firm claims to have increased its revenues 50% in each of the past five years, and plans new offices in such growing white-collar-crime capitals as Arizona and Florida. Pankau has even taken a few lessons from the bad guys, spreading the ownership of his company among his three children, through trusts. That, he explains, is partly to protect himself from liability suits in case any of his targets...