Word: invest
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Dates: during 1960-1969
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Silver Tankard. Guinness' principal product, however, will always continue to be beers brewed pretty much as they have been for two centuries. In 1759, looking for a place to invest a ?100 inheritance, Arthur Guinness leased a bankrupt brewery beside the Liffey River; the St. James's Gate plant is still the company's principal operation, has grown into a 63-acre sprawl that is one of the world's largest breweries. The chairman's job and brewing secrets have since passed regularly from father to son except in one case. Viscount Elveden...
First Call. The facility's basic plant, the ninth domestic petrochemical operation for fast-growing Phillips, will be erected on 400 acres of sugar-cane fields in Guayama district on Puerto Rico's south shore. Phillips will invest $45 million in the core plant, receive a twelve-year tax forgiveness, get on stream in 21 months. Then the company will reinvest its earnings for ten years (to a total of $55 million) in a string of satellite petrochemical plants on 2,600 surrounding acres. The satellites will be owned jointly by Phillips, other U.S. companies and Puerto Rican...
...Feeling Is Mutual. More meaningful than breaking records is the fact that the U.S. economy is changing for the better. In Lyndon Johnson's profit-minded Administration, Government planners have come to appreciate the importance of helping private business to invest in order to create jobs, income and demand. Johnson knows that he must have a vigorous economy to support his Great Society programs as well as the war in Viet Nam and the U.S.'s reach for the moon. To further that aim, he has more day-to-day contact with businessmen than any President since Hoover; he telephones...
...what the U.S. Government's economic managers have been worrying about in 1965; they have been pursuing a strongly expansionist policy. They carried out the second stage of a two-stage income-tax cut, thus giving consumers $11.5 billion more to spend and corporations $3 billion more to invest. In addition, they put through a long-overdue reduction in excise taxes, slicing $1.5 billion this year and another $1.5 billion in the year beginning Jan. 1. In an application of the Keynesian argument that an economy is likely to grow best when the government pumps in more money than...
...military installations, Japan's 707 and DC-8 jets would at first be confined to the Tokyo-Kharbarovsk leg; after two years, the Russians would consider allowing J.A.L. craft to fly the entire 4,650-mi. run. The Soviets have also suggested that Japan help develop Siberian industry, invest $2 billion in oil refineries and in pipelines...