Word: investable
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Dates: during 1970-1979
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Last week the wounded environmentalists lamely struggled to explain their polluted portfolios. Argued E.D.F.'s Berkeley director, Tom Graff: "We can't invest in companies doing environmentally beneficial things, companies in solar energy or scrap iron, for example. If we did, it would look like we were promoting our economic interest when we took a stand on an issue." Added Colburn Wilbur, executive secretary of the Sierra Club Foundation: "Every time we drive, fly or eat we are helping the polluters. We don't have a pure investment portfolio. I don't think we could...
...California Split, for instance, they found vaguely respectable. California Split was a journey into gambling culture--how desperation and betting work at the tables, at the track, and in people's lives. The language of the film was energy cycles--how people key up and run down, how they invest energy and spend it. The theme was abstract and didn't need a story--the plot was unimportant, events didn't have to connect in conventional ways. Much of the undercurrent of ebb and flow was achieved by Altman's technique of using multiple-track microphones, so an audience could...
...cheap energy helped to create fabulous economic growth. But the U.S. in particular squandered enormous quantities of energy on oversize cars, sealed buildings and flimsily insulated homes. Some oilmen warned that a supply squeeze was coming and that massive efforts should be made to conserve oil and invest in new sources. The warnings were not taken seriously. When the energy crisis struck, the free market was thrown into near panic. Of course, nobody could have predicted that the crisis would hit so soon, simply because it was hard indeed to foresee the explosive political events that triggered...
...above all. True, some dictatorships are capitalist because most of the economy is privately owned. Still, the major capitalist nations all have popularly elected governments that guard the right of free speech and assembly. Capitalism demands, by definition, that the individual be free within broad limits to spend and invest his money any way he pleases, to own private property and to enter any business or profession that attracts him. The state that grants those significant
...executives at the Denver meeting could not cite a single canceled project that has been reinstated. And even if all the projects were rescheduled, they would represent the barest glimmer of the nation's power needs. Over the next 15 years, according to some estimates, utilities ought to invest a staggering $750 billion in new plants. No one seems to have much idea how they can raise the money. W. Donham Crawford, president of the Edison Institute, notes that most utility stocks are still selling for less than book value, a situation that scarcely tempts investors...