Word: invest
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Dates: during 1960-1969
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...benign nuclear war is being fought in Europe - a battle over the $500 million-a-year market for power reactors.Western Europe has already outdistanced the U.S. in the number of nuclear power installations (29 v. 12), but that is just the beginning. Europe has decided for the future to invest more in nuclear power than in any other means of producing electricity, is on the threshold of making major purchases of equipment. Such U.S. giants as General Electric and Westinghouse, which won an early beachhead for their reactors, are now being strongly challenged by big equipment makers in Britain, Germany...
...Edinburgh and a three-month, 12,000-mile tour of Western Europe, Moyers entered Fort Worth's Southwestern Baptist Theological Seminary. However, long before he won his bachelor of divinity degree in 1959, he was beginning to worry that he and the church were mismatched. "I wanted to invest my talents in the broadest possible river," he says, "and I felt that journalism and public affairs were wider and faster flowing than the ministry." When he graduated, despite his conviction that the ministry was too much "a world of words and not of action," he accepted a lectureship...
...manufacturer in Grand Rapids, Mich., merged them to create Gulf & Western. Then he began acquiring young executives as rapidly as he bought up companies. He persuaded Houston's John Duncan, a coffee dealer whom he had met in the commodities trade, to sell out his personal holdings and invest $112,000 in G. & W. Next he induced David Judelson, a New Jersey machine-tool maker whom he had met on a vacation at Lake Champlain, N.Y., to put up another $50,000. Today Duncan, at 37, is G. & W.'s president and day-to-day administrator; Judelson...
...firm, rose to other jobs and founded his own coffee-trading office at 23. Within ten years he had made more than $1,000,000 buying coffee from the Brazilians and selling it to U.S. processors and chain stores. Casting around for a more stable business in which to invest his profits, he came upon auto parts, a complex, cluttered industry with more than 1,000 manufacturers, 16,000 jobbers, and 365,000 retailers. Bluhdorn's dream was to create a nationwide auto-supply network, with his own manufacturing plants, warehouses and jobbers...
...countries. To serve its 2,260,000 travelers a year, it has its own bakeries, laundries and wine cellars, provides 5,000,000 meals and a million sandwiches a year. From his elegant offices on Paris' Boulevard Haussmann, Widhoff carefully picks the enterprises in which to invest, usually buys only a portion of each but insists on full management...