Word: investable
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Dates: during 1960-1969
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Unable to get banks to invest in restaurants during the Depression, Johnson hit upon the idea of granting franchises for restaurants, rigidly controlling their design and operation, and selling them ice cream and other food made in central commissaries. Today, 311 Howard Johnson restaurants are fully or partly owned by investors, including executives, widows, doctors, and such VIPs as Newshen Marguerite Higgins and North Carolina Governor Luther Hodges...
...much do the nation's 12.5 million stock-market players know about the companies they invest in? To many of them, reported the United Shareholders of America last week, the stock market is little more than a numbers game of profits and dividends. In a sampling of 2,000 U.S. stockholders, the organization discovered that 51% did not know a single product made by any company in which they owned stock. Another 6% guessed-and guessed wrong, e.g., credited Bell & Howell with making aircraft, General Motors with gasoline, and Swift with trucks. Some 55% could not name a single...
...Moses and the burning bush. Young Lloyd, studying law at the University of California, took a chance geology course and concluded that the burning earth meant oil under the knoll. He was right. By 1925 he had made about $2,000,000 from oil-lease rights, decided to invest in property in Portland, where the family had once lived...
...POLICY CHANGE will enable individuals for first time in 26 years to invest in government-insured house mortgages yielding as much as 5 ¼%. Hitherto FHA-guaranteed mortgages have been sold only by banks, insurance companies, etc. Policy aims at attracting new money for housing, which lags this year...
...absence, scores of prominent citizens had raised their voices in favor of a more liberal race policy. South Africa's business world was suffering badly from foreign reluctance to invest in so unstable a state, warned Mining and Industrial Tycoon Harry Oppenheimer. It had become "difficult if not impossible" to raise money in London for any South African venture, echoed Sir Charles Hambro of the powerful Union Corporation; to restore its credit abroad, declared Sir Charles, South Africa must seek "more harmonious relations with the urban native population" and "satisfactory outlets for the legitimate aspirations of all sections...