Word: investers
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Dates: during 1960-1969
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...Instead of narrow-mindedly designing planned obsolescence and physical deterioration into manufactured goods to maintain the growth of our economy, why can't we invest a fraction more of our great personal and corporate income in the futures of the underprivileged in this country and in some of the underdeveloped nations...
Yankee, Come In. Most important for the U.S., the Gaullists continue to relax their old policy of discouraging foreign investments. Debre has learned that if France excludes them, U.S. companies will plant branches in other Common Market countries and then export freely to France (TIME, April 1). The Gaullists also have come to believe -after years of chauvinistic doubt-that U.S. capital and technology can benefit French industry. When Motorola offered to develop a semiconductor industry and invest generously in research, Debre gave the company permission to build a multi-million-dollar plant in Toulouse. Now General Electric...
...Funds, Long Terms. Unlike commercial bankers, who take deposits and specialize in short-term loans, modern merchant bankers are intermediaries between those who have big money to invest and those who need it, often for long terms. They finance entrepreneurs and foreign governments by selling bonds or other securities to the public or to such wealthy institutional investors as insurance companies, pension funds, and even the Church of England...
...reason, as bankers figure it, is that short-term money in France earns 5% to 51% , less by as much as a percentage point than dollars have been earning on the Eurodollar market or in the U.S. Thus, French bankers have been turning in francs for dollars to invest at a higher rate of interest. These rates, plus heavy summer spending abroad by French tourists and a seasonal increase in French imports this fall, have created a "technical" weakness in the franc...
...artists do not offer immediate satisfaction, and the all-too-facile entertainment afforded by seeing common commercial materials in arty forms often obscures the value of the works. By showing the thought that went into the sculptures, "Art in Process" encourages the viewer to invest a similar effort...