Word: invest
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Dates: during 1950-1959
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...Vanoni addressed himself to Italy's very real problem: 2,000,000 unemployed, another 2,000,000 underemployed, a housing shortage of 15 million rooms. His solution, which Scelba's cabinet discussed until 2 o'clock one night last week, is a ten-year plan to invest $8 billion worth of private and public capital in building productive enterprises. The intention was laudatory, but the details vague. Particularly vague was where the money would come from; Signor Vanoni apparently counted on the U.S. Treasury...
...more is needed, including 1) removal of the present double taxation on profits earned and taxed abroad, and 2) tax relief in the U.S. for companies that have been given tax waivers by foreign nations as an inducement to invest abroad. For their part, the foreign nations that need and want U.S. investment must encourage it. Having seen what a free economy did for the U.S. in 1954, they can move more surely toward economic freedom by lessening their own restrictions on trade and currency. Said Free Trader Clarence Randall: "The whole world is throbbing with new life and vitality...
...confounded the doomsayers-Americans were deciding that it was high time to invest in America's future...
...most important political offices-and both are immensely beholden to De Sapio. Moreover, De Sapio's probable control of the largest bloc of delegate votes at the Democratic National Convention in 1956 gives him a rich chunk of political capital that he can be expected to invest shrewdly...
...ANGELES' AHMANNSON, who started out with $588 from selling insurance and was well on his way to his $50 million fortune by the time he was 30. Ahmanson's big secret is keeping plenty of hard cash on hand to invest in profitable deals. In 1947 Ahmanson plunked down more than $100,000 for the city's Home Savings & Loan Association. Today it boasts assets of $220 million and is the world's biggest loan company. After World War II, Ahmanson bought up the 290-acre Baldwin Hills district in Los Angeles, the last big undeveloped...