Word: invest
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Dates: during 1960-1969
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Many youths "go through school by passing birthdays," Long believes, and he would like to see skill tests--oriented towards employment opportunities--given as early as the seventh grade. Lower class children "need to be motivated to invest in themselves [in school] at the expense of present gratification," he says. "They must have some sense that the jobs will be there...
Washington is willing to bend, but only a bit. Commerce Secretary John Connor said last week that U.S. businessmen may lend and invest freely in the underdeveloped nations. The U.S. is in no mood to relax its restrictions on the 22 "developed" nations-including all of Europe as well as Japan and Australia-because it is continuing to lose gold. The nation's gold supply dropped another $250 million last week, bringing the year's loss up to $825 million and the stock at Fort Knox down to a 27-year low of $14.6 billion...
Many American companies have revised their investment plans to include new facilities in Latin America, including Dow Chemical, General Motors and Chrysler, all of which are building large new plants. U.S. Steel, Union Carbide and Alcoa are considering multimillion-dollar expansions there. Chile's government has persuaded its U.S. copper companies-Cerro de Pasco, Kennecott and Anaconda-to invest $410 million by 1970. Venezuela has done such an effective job of mopping up its Communists that Jersey Standard's Creole and other oil companies, which transferred more than $100 million out of the country...
...find out what will happen to men when they venture into space on long interplanetary journeys. Cardiologist Graybiel suspects that the gravity-free condition in space may be bad for the heart and the rest of the circulatory system. But is it possible to rotate a spaceship and invest it satisfactorily with something like an artificial gravity? And if so, which rotation speeds will make the men dizzy, and which will be safe...
Alone among the major nations, the U.S. has permitted its citizens to spend, lend and invest their money freely almost anywhere in the world. This unshackled capitalism has helped dozens of foreign economies, brought the U.S. worldwide economic power and prestige, and earned considerable profit for American industry. In one sense, clearly, the free outflow of capital is a distinct asset. In another, it is an increasingly serious problem, since it is a major source of the U.S.'s payments deficit and the cause of its stepped-up loss of gold...