Word: invest
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Dates: during 1950-1959
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Dottie's biggest surprise, however, was the number of people who wanted to buy franchises, distributorships, or simply invest in her business. There was a call from Miami offering to invest $50,000. After reading the TIME story, three prominent brokerage firms in Minneapolis bid for a franchise or distribution rights. Ten West Coast firms did the same. A Texas syndicate hired a Denver attorney to make a bid in person. As a result, said Dottie, her company is reorganizing to set up a system of franchises, "something we thought was as far away as a dream and would...
When he asked the Democratic National Committee for financial support, Williams was turned down. Party leaders said they did not care to invest in a lost cause. With only about $3,000 to spend, Candidate Williams plodded around the district in a faded raincoat and a battered, narrow-brim hat. He knew that Republican Representative Clifford Case, who had resigned . to take a Ford Foundation job, was highly popular. So he promised to follow in Case's voting footsteps: e.g., he promised wholehearted support of the Eisenhower foreign policy. Williams' Republican opponent was another Plainfield lawyer, George Hetfield...
Carnation's expansion has paid off handsomely: except in 1933, sales have increased in every year since Stuart took over in 1932 from his father. Occasionally, however, Stuart is accused of being too venturesome: "People ask us sometimes why we continue to invest in plants in Europe when the possibility of war seems so great." Stuart's answer: "As long as we have money to invest, we're better off spending it on brick and concrete and equipment . . . than we would be letting it draw interest in the bank." And as long as Carnation continues...
Some of the buying was by investors who had sold their stocks and wanted to invest conservatively until they decided how the market would go. But much of the buying also came from those who thought interest rates were about at their peak and that they would not get as good a return in the future. There was a growing feeling that the big worldwide bogey was no longer inflation, but deflation...
...coalition government, its 14th in the brief eight years of its existence. The new Prime Minister was goateed Dr. Ali Sastroamidjojo, 50, who was recalled as Indonesian Ambassador to the U.S. to take the job. Sastroamidjojo had been running up & down the U.S., urging American businessmen to invest in his country...