Word: investable
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Dates: during 1960-1969
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Since future Pentagon outlays are apt to go to big, well-managed firms that can afford to invest in cost-saving methods, small companies will be pinched hardest. Hundreds of tiny subcontractors, many of them in the vulnerable electronics industry, will be hurt if prime contractors are forced to do more work themselves to keep their own shops busy. As for the big contractors, their main worry is that the spending slowdown will hobble the growth rates they want to keep...
Idle Cash. The company that is introducing stocks to the Argentine boondocks is the Deltec organization, a many-faceted (paints, petrochemicals, motor scooters), hemisphere-ranging investment house that specializes in Latin American finance. Deltec set up and controls an affiliate known as Valardel, formed to tap idle cash in the hinterlands, where owners have had little to invest in except land. Deliberately staying out of the big cities and concentrating on rural customers, Valardel has sold stocks in twelve Argentine companies, including a steelworks, several auto firms and a paper maker...
...asked about her financial security and produced $20,000 in U.S. greenbacks. What do they do with their earnings? They spend them on corn liquor or such local variations as Colombia's aguardiente, for radios, sewing machines or even a truck. Some women invest their savings in real estate; many yearn to send their offspring to school so that an illiterate mother can take pride in her well-educated children...
Leading a cast of Greek and American performers is Stathis Giallelis, an Athenian discovery who earns his billing on personality alone. As the would-be immigrant, Stavros, he is all boyish, self-effacing smiles when his father sends him off to Constantinople to invest his family's meager fortune and thereby save them from Turkish persecution. Everything goes wrong. Stavros is robbed and humiliated by a roguish Turk, whom he finally murders. He slaves as a hamal, hauling back-breaking burdens on the Constantinople waterfront, only to be robbed again by a prostitute. He is shot and left...
...have been started in the first nine months of this year. Last year the nation's profit-sharing plans set aside from corporate earnings an estimated $2 billion for 5,500,000 Americans. Some companies pay the workers' chunk of profit in cash, but the majority now invest each employee's share and pay off only when he leaves the company. These deferred payments are taxable as capital income, at a top of 25%-which is the main reason that the number of such plans has jumped from 9,000 in 1955 to more than...