Word: basins
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Besides being the biggest of the 30-odd mutual funds concentrating on science and technology stocks, Sci/Tech boasts a prestigious international management team. Under Merrill Lynch's direction, assets in Japan and the Pacific Basin will be managed by Nomura Capital Management, Inc., an affiliate of Japan's largest securities firm, Nomura Securities Co., Ltd. West European investments will be handled by Lombard Odier International Portfolio Management Ltd., a London-based subsidiary of one of Switzerland's oldest and largest private banks. Merrill Lynch Asset Management, already the biggest U.S. manager of mutual funds, will handle Sci/Tech...
Charles River basin...
...foreign aid allocations is only a small step in reversing the decline in U.S. aid since Reagan took office. The much-publicized meeting in Cancun last summer, aimed at dealing with North-South economic problems, met with only a promise from Reagan to seek further discussions. The Caribbean Basin Initiative, the president's impressive program to promote prosperity in Central America and the Caribbean, somehow got buried in the confusion of the lame duck Congress. Though targeted nations have received some aid, many more broad-range promises remain unfulfilled...
These developments are slowly helping to raise the standard of living throughout the Caribbean basin, with its exploding population of nearly 200 million, but the price has been high. Each new hotel or factory takes away a bit of jungle, sometimes replacing valuable mangrove, whose matted roots provide shelter and sustenance for aquatic life. Says Puerto Rico's Arsenio Rodriguez Mercado, a scientific adviser to the U.N. Environment Program: "Sewage generated by 30 million people is dumped more or less untreated into the Caribbean." On some islands, hotels discharge wastes into the waters where guests swim. Adding...
...national petroleum company, blew on June 3, 1979. Before it was capped 290 days later, it had poured some 475,000 metric tons of oil into the sea. Scientists still cannot say what the effects were on the rich fisheries, coral reefs or sea-grass beds of the Caribbean basin. But they agree that the beautifully delicate world of the Caribbean could not readily withstand a repetition of that environmental disaster. - By Frederic Golden