Word: haven
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Dates: during 1970-1979
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...know. I have to say that our own positions that have been spelled out in general terms deliberately are the ones we still espouse. They haven't been completely accepted by the Israelis nor the Arab leaders, of course, and we can't say yet that they are completely endorsed by the Soviets either. I think there has been a general acceptance of the proposition that the step-by-step incremental approach is too long, too tedious and leaves unhealed wounds. I think there is a general acceptance of the proposition that we ought to have a comprehensive...
Broken Glass. A few blocks away, Lawrence Spanier was also concerned about the future. He had replaced the broken windows in his store and obtained enough clothing from his suppliers to reopen, at least temporarily. Said he: "We haven't decided whether we'll stay, whether it's worth the investment. This could happen all over again...
...this atmosphere, the U.S. beckons as a safe haven, both for foreign companies and wealthy individuals. Today, says Rob Hazelhoff, a director of Holland's Algemene Bank Nederland, "most entrepreneurs regard the U.S. as the last bulwark of capitalism. They feel that America can hold out, and this is the main psychological factor behind the rising investment." Profit margins of U.S. corporations are now almost twice those of European firms, partly because productivity is higher. The U.S. has become something of a cheap-labor market in comparison with its European trading partners. Until the early 1970s, European labor...
Private investors, as opposed to companies, are turning up all over the U.S., mostly in search of real estate deals-the traditional haven for nervous money from abroad. Canadians. Iranians, Arabs (sometimes masquerading as Iranians), Germans and Japanese are leading bidders. Kenji Osawa. a Japanese investor, has bought six of the eight hotels managed by Sheraton in Hawaii; Lehndorff Management, the U.S. arm of a Hamburg investment management firm, estimates that foreigners will buy more than $2 billion worth of U.S. real estate this year, with West German investors among the leading purchasers...
...Cole's adoring mother not only assured him that the world was his oyster, but presented it to him on the half shell-with champagne to wash it down. The boy spent summers in Europe, attended private schools in Massachusetts, and took his degree at Yale. In New Haven he had his own piano and, despite hayseed check suits and non-U Midwestern ways, ingratiated himself with wit and melodies. One of his undergraduate efforts is still mandatory half-time fare at Yale football games. His grandfather ordered him to go to law school. Instead, Cole, with the secret...