Word: investable
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Dates: during 1970-1979
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...cuts of $25 billion?$17 billion net for individual taxpayers through rate cuts, $6 billion net for business in the form of more generous investment tax credits and a drop in the tax rate on most corporate profits from the present 48% to 45% late this year, 44% in 1980. Another $2 billion would be provided by repeal of the federal tax on telephone calls and a cut in unemployment-insurance taxes levied on companies. The overall aim: to offset the bite of higher Social Security and energy taxes, which the President conceded would otherwise drag the economy down...
...Italy in 1835, support 2,200 priests and brothers in 26 countries. Its U.S. fund raisers were tired of pleading for nickels and dimes, year after year. By applying hard-sell money-raising means to the world of charity they could swiftly rake in $30 million in capital, invest it, and then they and their missions might live beneficently and happily ever after...
...hired a staff of 50 local journalists and rented typewriter space for them in a vacant A&P supermarket across Market Street from the Bulletin. Péladeau pays the Bulletin to set type for the Journal, and three small suburban dailies to print it. "I don't invest in buildings," he says. "I invest in staff and promotion...
...market by the millions to put their money into bonds, land, coins, wine-anything that is either tangible or seems less risky than shares. Trading consists mostly of transactions between the big institutions: mutual funds, pension funds, bank trust departments. And managers of the pension funds, who invest more than $100 billion, have a special reason for worry: Congress in 1974 passed a law permitting receivers of pensions to sue managers of the funds for poor investment performance. Fearful fund managers have adopted a supercautious strategy, setting themselves the modest goal of only matching the performance of the popular stock...
...months of 1977 one group of Yankee bonds returned actual gains (interest plus price appreciation) of 5% to 8.7%, v. a 2.3% gain on competitive longterm, high-grade U.S. corporate bonds. The stock market suffered serious losses over the same period. But, even though foreign bonds are outperforming competing investments, there are limits to how many more of them some of the big institutions can buy. For example, a state law forbids insurance companies doing business in New York-in effect, most of the big ones around the country-to invest more than 1% of their assets overseas...