Word: greeds
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...reach and influence." New York Correspondent Adam Zagorin was struck by the vitality of the multimillionaires he interviewed. "Stock Analyst Arnold Bernhard, for one, doubled his already considerable fortune when he was past 80," says Zagorin. "For such men, money is a byproduct of their creative drive, not of greed." Taylor agrees. "The people we are talking about," he says, "are far more interested in the companies they have built than in whether they are worth $5 million or $50 million. Given the vagaries of today's stock market, of course, that is probably a good thing...
...temporary market downdraft during the second half of 1983. Irrational enthusiasm pushed up the price of some high-technology stocks to 80 or more times their annual earnings, compared with about 16 times earnings for proven blue-chip growth companies like IBM. When reality caught up with greed, a number of fast-rising new issues fell to earth, and the profits of many backers fell with them...
...Here's where the effects of the oil crisis become really complicated. Here, too, greed shows its ugliest face. When the leaders of Arab nations found themselves virtually buried by Western oil money they initially had almost nothing to buy. Although in the last few years increasing expenditures and decreasing revenues have narrowed this surplus (in some OPEC cases eliminating and even reversing it, as in Venezuela and Nigeria), at first the leaders of Arab nations had little to do with their wealth other than send it right back to Western banks...
...only greed is left. Awash with petrodollars in the '70s, big banks lent to every comer with a flag and a UN seat. Confident that this type of lending wasn't subject to ordinary precautions applied to individual customers, bankers went far out on a limb. Now the bankers are equally confident that they've gone so far with the nation's wealth that the U.S. government will have to bail them out if worse comes to worse. Attached to the recent emergency Congressional approbation for the International Monetary Fund were new regulations concerning just that. Congress should be ready...
White: Well. I think the revolution is endemic to Guatemala and has been since 1954 because what you have is repression and greed Guatemalan leaders are so completely dedicted to the maintenance of an unjust system It's just going to be a matter of time--there's no way that this government can last for very long But it will last in effect for as long as we continue to work with...