Word: invest
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Dates: during 1960-1969
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...Argentines this is a prize indeed. Housing in Argentina is so short that unpretentious apartments rent for $300 a month, after "key money" of at least $1,000. And between galloping inflation and the fact that moneyed Argentines prefer to invest overseas in safer climes, mortgage credit is scarce and costly. Loan sharks charge up to 45% interest, and most banks have a five-year waiting list of would-be borrowers of mortgage money...
Plodding Progress. The deficit exists because U.S. business and Government spend, lend and invest more abroad than they bring home. As the deficits mount, gold flows out of the U.S. The gold supply has diminished by a shocking $1.3 billion in the past twelve months, is down to a 23-year low of $15.9 billion. At the same time, though the U.S. continues to export more than it imports, the trade surplus has narrowed, from $5.3 billion last year to an estimated $4.4 billion so far this year. Imports increased 13% in 1962's first three quarters, the highest...
...expects to open up in the Bahamas in February. He will also devote more time to his wife and four children and to his favorite hobby-island-hopping fishing trips through the Gulf of Mexico. He also plans to keep a weather eye out for other companies to invest in. It is a sport he cannot resist...
Better than Death. Not surprisingly, the Big Five, though still continuing to invest in Hawaiian projects, are increasingly looking for new fields abroad. Besides last week's Italian venture, Castle & Cooke has over the past six years built up a thriving fish-cannery business in Oregon; its Bumble Bee canned fish last year accounted for 38% of its $4,600,000 earnings. C. Brewer & Co. has set up cane plantations and sugar refineries in Ecuador, Puerto Rico and Iran. American Factors is developing 1,400,000 acres for agriculture in Australia and is experimenting with raising pineapples in Honduras...
Despite corporate efforts to trim advertising expenditures, however, the trend to bigger ad budgets seems likely to continue. Contributing to that trend, along with the flow of consumer advertising, are the industrial and institutional campaigns. This year U.S. business, mostly in the fields of construction and heavy manufacturing, will invest close to $600 million in fact-crammed industrial ads intended to attract the eyes of purchasing agents and establish a company's reputation so that it will be invited to supply talent and material and to bid on jobs. In addition, there are ''institutional" ads-such...