Word: investable
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Dates: during 1960-1969
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...climbing. Take airplanes: from $1,000,000 for a propeller DC-6 to $7,000,000 for a 707 jet to about $40 million for an SST. Modern superhighways cost more than $2,000,000 a mile. Chase Manhattan Bank Chairman George Champion notes that in U.S. factories, capital investment per production worker has risen from $550 a century ago to almost $20,000 today; in the petroleum-refining industry, the figure is more than $250,000. The capital investment in a medium-sized U.S. farm is about $80,000-double what it was 15 years ago. In the next...
...medical school will indeed be built in Central Ward, but now on terms that the residents welcome. Using only 57.9 acres instead of 150, the school has guaranteed that it will take over operation of the Newark City Hospital-known locally, with only some hyperbole, as "the Slaughterhouse"-and invest $2,500,000 in repairs. In addition, a Newark community health council will supervise a comprehensive health-improvement plan for the ghetto and the training and hiring of more Negroes...
THIS morass can be traced back to the original rationale of the protest. The demonstration was naturally tied to the demand that the University invest its assets with a social conscience. Like their counterparts at Harvard, the B.U. SDS attacked their University for its holding in Middle South Utilities, arguing that under the cover of "neutrality" the University was supporting repressive institutions. But the specific attack on Gordon involved a second, more radical premise--that the University couldn't accept a bad man's money, even for uses of its own. The reasoning leads down a path to nihilism...
Seven oil-exploration contracts have been awarded to eager bidders, among them the U.S.'s Continental and Union Oil companies. Surveying for copper, Freeport Sulphur Co. recently found high-grade (4%) ore, and may invest up to $100 million to exploit it. International Nickel just got the go-ahead to start a $1,500,000 survey of nickel deposits on the island of Sulawesi (Celebes), and may invest $100 million. Bethlehem Steel has expressed interest in tin deposits, Boise Cascade in logging concessions. ITT agreed to build a satellite relay station near Djakarta at a cost...
...fact they are involved. And if they are sincere, they must get even more deeply involved and help South Viet Nam remedy past political mistakes. The Americans cannot let government leaders damage their anti-Communist goals. They must look at Viet Nam much like a business. If you invest money in a firm, you have some say about who should manage it and how he runs...