Word: dividend
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Stane Kavcic, premier of the Republic of Slovenia, has proposed that companies sell dividend-paying stocks too. "Instead of taking a vacation, someone could give his money to an enterprise, which in turn could give him interest and maybe even something else as well," Kavcic says. His proposal has horrified some Communist purists. Edvard Kardelj, Yugoslavia's chief ideologist and a close associate of Tito's, argues that stock ownership is anti-Marxist because it inevitably involves the "exploitation of other people's work." But the need for more capital may eventually overcome such inhibitions...
...heavy industry in general or oil in particular which offer better combinations of risk and return than does Gulf. For example, Gulf's competitor Mobil Oil has shown a far greater earnings growth than Gulf (since 1968, Gulf's earnings have actually declined), better price performance and a comparable dividend yield (Mobil's dividends have increased). Whatever the precise balance of merits between Gulf and similar, but "good" capitalists, it is safe to say that in this case a solid argument can be made for divestment on economic grounds. Yale, financially much harder pressed than Harvard and so presumably quite...
...that economic growth could pay for a vast improvement in housing, health care and education programs, and leave an ample margin for tax cuts besides. Only a few years ago, liberals and conservatives alike thought that the major question of public finance was how best to use the "peace dividend" of $30 billion a year that they expected the U.S. to collect once the Viet Nam War ended...
DEFENSE: For the rest of this fiscal year, Pentagon spending will be considerably speeded up, with much of the increase going for matériel planned for later delivery. Next year, though Viet Nam spending will continue to decline, much of the long-awaited "peace dividend" will remain firmly in the hands of the Pentagon. Its budget will show a $900 million increase (to $75.9 billion) in fiscal 1973. To prepare for the all-volunteer army that Nixon has promised by mid-1973, some of the dividend will be used to raise the pay of armed-forces careerists...
...longer fair to call McGovern a one-issue candidate. His stance on nonwar issues still places him to the left of all the available Democrats, including New York City Mayor John Lindsay. McGovern supports a dividend freeze as well as a wage-price freeze, and a "guaranteed job" for every adult who wants one through government contracting with private industry for housing, transport and environmental projects. He advocates an "excess-war-profits tax" on corporations while the Viet Nam fighting lasts, a minimum income tax for the wealthy, a negative income tax for the poor, and reduced...