Word: importance
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Russophile and art collector is the chairman of Occidental Petroleum. He graduated from Columbia Medical School 56 years ago, but has never practiced medicine. While still a medical student, Hammer made his first million selling Pharmaceuticals. Later he worked in the Soviet Union, eventually building up a rich import-export business with the Soviets. At 59, he took over Occidental. Figuring that he would recycle some oil money into his original profession, Hammer last week donated $5 million to Columbia for cancer research, one of the largest private gifts Columbia has ever received. Says Hammer with a smile: "Being...
...born authority on Soviet computers who advises major U.S. companies, sees signs that Moscow has been assembling only a sample of the most advanced Western computers it is permitted to buy as patterns for its own models. Says he: "It appears as if someone behind the scenes orchestrated the import of the latest obtainable Western computers...
...found-provided the price is right. In the 1950s, when oil and gas prices were relatively high, drilling activity was intense. But then Government imposed tight ceilings on the cost of oil and so-called interstate gas, with the now familiar result: the major oil companies began to import cheaper fuel from the Middle East, and domestic exploration declined. What convinced many oilmen that domestic exploration would again be worthwhile was the explosion in world oil prices and the campaign promises by both Gerald Ford and Jimmy Carter to deregulate natural-gas prices...
...Patterns. The capital invasion is heartily welcomed by Washington. Commerce Department officials eagerly note that besides helping to offset somewhat the U.S.'s currently huge import bill (TIME, July 11), foreign investments in manufacturing have helped provide jobs (1.5 million by Commerce's reckoning) and broaden the tax base of local governments. Foreigners, for their part, are often surprised by the freedom of operation they enjoy in the U.S. Foreign businessmen find a tolerance of competition that would be inconceivable in their own countries. Example: Lucas Industries, the big British auto-parts maker, dispatched...
Like Monopoly. As disaffected investors tell it, Holzer used her Hair-built Broadway fame to recruit backers for a wide variety of foreign import, commodity and real estate deals. She started out with a small group of associates, friends from the Spanish community and Broadway chums, to whom she would casually murmur, say, something about how she had an opportunity to make a bundle on Japanese automobiles imported to Indonesia. At first the results were impressive. One woman gave her $5,000 and made a $12,260 profit within a year. She then got some friends...