Word: expander
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Dates: during 1960-1969
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...need of funds to expand European operations and limited by the Administration's balance-of-payments guidelines in the amount it can send from home, Honeywell Inc. of Minneapolis is about to try a solution that has become increasingly popular among U.S. corporations. Working through the Zurich office of the New York investment house of White, Weld & Co., Honeywell will market a $20 million bond issue among the financial centers of Europe. Without straining the balance of payments, the company will thus get all the money needed for expansion, although at a slightly higher rate than it would have...
...Boston School Committee. The parents who organized it have managed to raise money in the Boston area and, more recently, from foundations. But they have been hoping they can get federal money--some through Harvard and some for which they have applied on their own -- to run and expand the program during the next one or two years...
...They Work. By and large, Keynesian public policies are working well because the private sector of the economy is making them work. Government gave business the incentive to expand, but it was private businessmen who made the decisions as to whether, when and where to do it. Washington gave consumers a stimulus to spend, but millions of ordinary Americans made the decisions?so vital to the economy ?as to how and how much to spend. For all that it has profited from the ideas of Lord Keynes, the U.S. economy is still the world's most private and most...
...called for conscious and calculated state intervention, he argued just as passionately that the government had no right to tamper with individual freedoms to choose or change jobs, to buy or sell goods, or to earn respectable profits. He had tremendous faith that private men could change, improve and expand capitalism...
...expand its business with Europe, the U.S.S.R. has just closed two other deals. Italy's Olivetti announced last week that it will advise the Russians about how to mechanize their huge bureaucracies, sell them office machines ranging from typewriters to calculators. Greek Shipping Magnate Achilles Franghistas agreed to buy 33 Soviet-built cargo ships. The terms: $76 million in long-term credit, $29 million in increased Soviet purchases of farm produce-a welcome outlet for Greece's agricultural surpluses...