Word: investers
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Dates: during 1960-1969
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Strongest Weapon. Though France has a huge and rising deficit in trade with the U.S., it still rakes in plenty of nontrade dollars with which to do battle. Every year in France, U.S. military forces spend $200 million, U.S. tourists leave behind $300 million and U.S. businessmen invest well over $1 billion. After subtracting for its imports from the U.S., France runs up an annual dollar surplus of $700 million, for which it can demand U.S. gold. Says Yale Economist Robert Triffin, one of the world's top gold authorities: "One of the two strongest bargaining weapons that France...
Private Success. In a development that is especially galling to ENEL's managers, the dispossessed power companies are using their compensation to invest in profitable new private enterprises. Edison, whose corporate shell was left in private hands after nationalization, is now a leader in chemicals, computers and farm equipment. Adriatic Electric has merged with huge and powerful Montecatini. Even the state-owned IRI Finelettrica-which managed to get "nationalized" by being swallowed up by ENEL-has shifted its investments into steel and a nationwide telephone system, is now channeling compensation money into new industrial development in southern Italy...
...record with Brandeis for matching its earlier grant about two years ahead of schedule, used that money to polish a new reputation for nurturing scholarship as well as football heroes. The administration established cash awards for outstanding teaching and research, revamped the liberal-arts and graduate curriculums. U.S.C. will invest its new Ford grant of $7,500,000 in long-term endowments, use matching funds for current operations and plant expansion...
...Central Casting, a must at the hairdressers. General practitioners and advertising executives stick to the better-known periodicals; so, as a rule, do psychiatrists (though many patients, fearful of being caught engrossed in the Reader's Digest and branded a condensed personality, bring along a newspaper instead). Opticians invest in anything, so long as the print is good and dark; while pediatricians can get away with paper towels, stapled together, since anything not bound in cast iron will be in shreds before lunch time...
German: You are saying that we should invest much more money in a tiny atomic force that you control rather than less money in an enormous atomic force that the Americans control. We would get more of our money's worth with the Americans...