Word: funds
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Dates: during 1980-1989
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...state enterprises. The measure is intended to loosen the stranglehold of the central planning bureaucracy by giving greater independence to factory and farm managers. Among other provisions, it will require that local managers be elected by their workers and that the country's 48,000 state enterprises fund new and continuing operations from their own profits. Before the law takes effect next January, it must be accompanied by a package of enabling legislation dealing with such things as credit and finance, technological research and an overhaul of the state-controlled pricing system...
...Dionne Warwick's megahit single That's What Friends Are For raised more than $1 million for AMFAR. Cyndi Lauper's royalties from Boy Blue, about a friend who died from the disease, will go to New York City AIDS research and patient care. Says Elizabeth Taylor, a ferocious fund raiser for AIDS research: "Since we began fighting this tragic disease, the most loyal, courageous support has come from the artistic community. The irony is that AIDS has decimated the arts, and every day we lose some of the greatest talent of our time to this hideous disease...
...North's secret activities may prove as vital to the rebels as his testimony before the Iran-contra committees. As millions of Americans watched on television, North pleaded passionately for support of efforts to overthrow Nicaragua's Marxist Sandinista junta. He was even permitted to deliver his patented fund-raising pitch, minus the projection of 57 slides that usually accompany the spiel. Holding a photograph of a makeshift contra grave, North, his voice choking, told the legislators, "Gentlemen, we've got to offer them something more than the chance to die for their own country and the freedoms that...
...they fled during the bearish 1970s. "The longer the bull market goes on, the more believers there are," says Charles Neuhaus, a broker for Houston's Underwood, Neuhaus. During the first half of this decade, the number of Americans who own shares in individual companies or stock-market mutual funds increased from 30.2 million to more than 47 million, according to a study by the New York Stock Exchange. While half those shareholders own stock in only one company or fund, the other 23 million or so include many investors who have turned stock picking into a serious pursuit...
...those who want to play the market but lack the time or inclination to gamble on specific stocks, mutual funds have been the answer. Stock funds grew by $41.7 billion during 1986, a 33.4% increase, to reach total assets of $166.4 billion. But the number of stock funds, now in the hundreds, has mushroomed so fast that selecting one can be almost as tricky as picking individual issues. Even so, it is hard to go wrong in such a strong bull market. During the first half of the year, the average stock fund rose some...