Word: invest
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Dates: during 1950-1959
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...million loan to get things rolling. This week Black moved on to Saudi Ara bia, where oil money is often frittered rather than being spent on economic projects to improve the lot of the people. On the invitation of King Saud, he will advise the Saudis on how to invest their wealth more wisely...
...shackles by a simple expedient: it stopped using newsprint. Instead, the staid old daily began publishing on "mechanical" paper-the heavier, thicker (though still unglossy) paper used by such British magazines as the Economist and the Listener. The Times patiently planned the changeover in 1950, when it began to invest in its own paper company and set an ink manufacturer to developing a suitable ink for rotary presses. The new paper costs a third more than newsprint, but it will enable the Times to get more advertising into a paper that will run around 22 pages daily -almost twice...
...step towards a healthier Italian economy, the Chamber of Deputies approved a bill (already passed by the Senate) allowing foreign businessmen to invest freely in "productive" enterprises in Italy, and to get that money...
...Commission "remove all reactor technology from the restricted data category, including such areas as fuel element fabrication and processing techniques," and keep secret only the military applications of atomic energy. As it is, private enterprise lacks the information on which it can make intelligent decisions, e.g., a utility might invest heavily in a nuclear-fission power plant when AEC is sitting on the facts about a better system...
Died. Rudolf S. Hecht, 70, financier, board chairman of the Mississippi Shipping Co. and of New Orleans' famed foreign-trade center, International House; of a heart attack; in New Orleans. A lifelong advocate of U.S.-Latin American relations, he engineered last year's Inter-American Investment Conference, sponsored by the city of New Orleans and TIME Inc., to persuade U.S. businessmen to invest in Latin American markets...