Word: invest
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Dates: during 1960-1969
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...program." In Davenport, Symington turned his attention to the need for water resources: "In the dictionary of Republicanism, as proven by their plans and their budgets, the fate of a river is to flow wastefully to the sea. Democrats, however, believe that every great river offers a challenge to invest in a better America...
Also responsible for the improvement: with high interest rates on short-term U.S. Government securities, foreigners have been willing to invest their funds in the U.S. rather than switch them abroad...
...long time after India got its freedom, Socialist Jawaharlal Nehru regarded foreign investors with the narrow-eyed suspicion of a spinster convinced that friendly attentions from any man probably conceal evil designs. So U.S. investors passed India by. After all, there were plenty of other places for them to invest their money-places where markets were more developed and officialdom far less mistrustful. General Motors even closed down its automotive assembly plant in Bombay...
...made "real and exciting." What is needed, says Funston, is more required courses and more and better teachers. As an example of what can be done, Funston cited the twelfth-grade teacher in New York's Nyack High School who collected 50? from each pupil to form an investment pool. Together the class conducted an enthusiastic search for the right company in which to invest their $18, finally bought one share of American Zinc (price last week: $15), avidly followed the market fortunes of "their" company all year-learning something of taxes, tariffs and fiscal policy in the process...
...corporations such as General Motors, International Business Machines, and National Cash Register, which have full-scale international divisions and plants abroad, know how profitable trade can be. But smaller companies, which cannot invest millions to make millions, tend to shrug off export sales, regard them only as a dumping ground for surplus domestic production. When there is an export department, it often operates at the lowest management level...