Word: investers
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Dates: during 1960-1969
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...businessmen are upset about something else: the recent economic stagnation resulting from De Gaulle's anti-inflationary program. The French economy is growing only half as fast as last year-2.6% v. 5.3%. A government freeze on industrial prices and a clampdown on credit has held back private investment. Complains Georges Villiers, president of the Patronat, French equivalent of the National Association of Manufacturers: "For a year now, the increase in private investment has been almost nil. The government is concerned about it, but has not yet taken adequate measures." What businessmen want is for the government either...
...bait, Andrews in two years signed a furniture company. Today, construction is under way on a factory that will employ 900-about three times as many men as there now are in town. Yes, Government agencies helped, but what really did it was the willingness of the people to invest in their community, and their unwillingness to sit slackly by and wait for the Government to do something for them...
...paying later, they can also be praised for building equity and acquiring assets. And the assets of ordinary Americans are much bigger and faster growing than their liabilities. For the great majority of Americans, debt is a means-to acquire one's own house, to achieve mobility, to invest in education or travel or plain comfort. Properly used and managed, it is not a sign of trouble but a bet on the future...
...City reported last week that it recently lost $8,000,000 through currency dealings in an unnamed country-probably owing to devaluation or runaway inflation. Helping to compensate for such hazards is the fact that commercial banks can do something abroad that they are forbidden to do at home: invest in nonbanking enterprises. The Philadelphia National Bank has stock in or options to buy into industrial firms in a dozen countries, and the Chase Bank's investments reach into developing industries in 17 countries...
...playboy son of the assassinated Dominican despot. Though at least one big Swiss bank had found Trujillo's millions too hot to handle, Munoz channeled the funds into two banks that he controlled, the Swiss Savings & Credit Bank of St. Gallen and the Geneva Commerce & Credit Bank. To invest the Trujillo hoard without attracting attention, Munoz set up obscure financial companies in such places as Liechtenstein and Panama, also opened or bought banks in Rome,' Beirut, Andorra and Luxembourg...