Word: investers
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Dates: during 1960-1969
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...problems are of our own making," admits articulate James Robison, 46, president of Indian Head Mills. Partly because most textile firms are too small and partly out of shortsightedness, the industry spends only one-tenth of 1% of its sales on research. By contrast, the enterprising chemical makers invest 6% of their sales on research-and have reaped billion-dollar dividends with the synthetics and plastics that are rapidly slicing away textile markets...
...least not one one. These common men, moreover, are not particularly enlightened, nor are their comments illuminating. Crittendon, 75, of Milwaukee, "The purpose of the bond issue is all right, and I approve of what we're trying to do in the Congo. Just the same, we should only invest million, and not half." The information or educational values served reporting this opinion are not read-discernible. Similar statements from more common men clutter up a front-page article on the tariff in the second and obscure a deeply-buried but good discussion of Kennedy's trade program. The history...
...European market"-and the net result would be a cut in the export of capital funds to Europe, thereby easing the balance of payments problem. There are a good many U.S. manufacturers who would welcome a lowering of U.S. and European tariff walls but still want to invest abroad when that seems advantageous. And in the long run, such investment generates earnings that may become a plus in the U.S. exchange position. Administration spokesmen say that the point is not to discourage foreign investment as such, but only to eliminate such artificial incentives to it as tariff barriers...
Hoping to stimulate businessmen to invest boldly in more productive plants and machines, the Kennedy Administration last week tried a second time to pass a controversial piece of legislation. The powerful House Ways and Means Committee approved a Kennedy-backed plan to give every businessman a tax credit of up to 8% of any amount that he invests in new equipment; the credit would be in addition to present depreciation schedules, which permit businessmen to deduct the costs of plant and equipment from their tax bills over a period of years. Economists reckon that a step-up in spending...
...wobbly dealer network, he offered sales incentive payments of $50 on every Dodge and Plymouth sold by dealers who order their full 1962 quotas. Under Townsend's prodding, Chrysler is building sales and service facilities that it will lease out in areas where potential dealers are unwilling to invest their own money...