Word: investers
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Dates: during 1960-1969
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Newhouse's papers pay because his attention is riveted on the business side of newspapering. Alert for the smallest money-saving maneuver, quick to invest in new machinery when it promises to cut costs, he manages to make even sick papers pay?occasionally with a helping hand from luck. Shortly after selling the St. Louis Globe-Democrat to Newhouse in 1955, Publisher E. Lansing Ray died, leaving the paper?and the surprised Newhouse?$1,000,000 in life insurance...
...likes to sail himself to work in his sloop Karama III. In his storybook rise from merchant's apprentice, Mø11er (pronounced roughly Mew-lehr) has always believed in one precept besides making money: do something for Denmark. Mostly, what he has done for Denmark is to invest in it. With the profits earned abroad by his 85-ship Maersk Line and his 25,000-acre Tanganyika sugar plantation, he has built his country's biggest industrial empire, which ranges from shipyards to petrochemical plants and employs 9,000 Danes...
...that "any and all unfavorable turns of the speculative wheel" result from "lack of confidence in the national Administration." That notion, Kennedy-argued, is false. "Corporate plans are not based on a political confidence in party leaders but on an economic confidence in the nation's ability to invest and produce and consume." Such myths, said the President in his summing up. stand in the way of coping with the problems and challenges of the 19605. "Some conversations I have heard in our country sound like old records, long-playing, left over from the middle '30s ... If there...
...Loaded Gun. As 1962 began, the early warning signals began to be borne out. In January, to help prevent short-term investment funds from fleeing to foreign countries with higher interest rates, the Federal Reserve Board permitted U.S. commercial banks to raise their maximum rates on long-term savings deposits from 3% to 4%. The sharply competitive savings-and-loan associations countered by pushing their own rates as high as 4.8%, and as these figures loomed big in hard-sell bank advertising, many small investors obviously concluded that they could make as much money, and more safely, in savings accounts...
...industries in which the general public has never had a real chance to invest is the $12 billion-a-year advertising business. Last week admen from coast to coast were chattering over the news that a Manhattan agency had broken the pattern by asking...