Word: invest
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...dinner in Manila with the firm's co-founder, a Westerner who has done business in the Philippines for 30 years and who personally pays for the education of 21 local kids. I was taken aback by how emotional he was about what he called the "moral obligation to invest" in the country. "These people are trying to find a way out," he said. "You just have to give them the chance. They've given up on the idea of something changing at the top. But money gives them hope for the future. It gives them freedom from impoverishment...
...fastest-growing investment vehicle for individuals is the mutual fund, which pools clients' money into huge stock portfolios. By buying shares in a fund, an individual can leave the stock picking to experts and still have a chance to reap big profits. October sales of mutual funds that invest primarily in U.S. stocks were $2 billion, up 50% from the same month a year...
Only naive Americans would invest so much money in a country where anti-Americanism is spreading. President François Mitterrand openly attacks the U.S., and Premier Laurent Fabius blames America for every French ill. Disney Chairman Michael Eisner has made a mistake in choosing the Marne-la-Vallée for the company's first European Disney theme park. Bad weather in that region will keep this amusement park closed at least four months a year. My prediction: Eisner will lose "his" $1.8 billion and will be forced to pack Mickey's bags and run to Spain begging forgiveness. Anthony Mantykowsky...
...Soviets are interested in such a trade since extensive American defenses would force them to invest in expensive countermeasures at a time when Mikhail Gorbachev wants to build up the industrial and civilian sectors of the economy. Karpov laid down a proposal in Geneva last fall under which the Soviet Union would give up half of its land-based warheads if the U.S. canceled SDI. There have been some high-level hints that the Soviet definition of cancellation would be a ban on testing and deployment but not on the research phase of the program...
...Captain Alfred Dreyfus, accused of treason against the state. His trial, exile to Devil's Island and exoneration have been retailed in countless volumes and films; the most celebrated, The Life of Emile Zola, won an Academy Award for best picture in 1937. But The Affair manages to invest the drama with renewed pity and urgency. French Professor Jean-Denis Bredin is not content with a toneless recapitulation; the dark background is carefully illuminated, and the major characters and walk-ons are given full dimension, including, at times, the homosexual flirtations of spies and Dreyfus' adventures with a series...