Word: investers
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Dates: during 1960-1969
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Government has long been to encourage U.S. business to invest abroad. Now that aim is being re-examined and questioned, even in Government circles, because foreign investment contributes to the outflow of U.S. gold...
...Browne got 15 friends to invest $1,000 apiece in an expanded version of the Sundown, opened the Gaslight Club. He decorated it to resemble a fancy turn-of-the-century saloon in red velvet, covered the walls with paintings of nudes, supplied a ragtime piano player and free platters of cold cuts. The biggest attractions were beautiful waitresses in abbreviated versions of 1905 ball gowns. Mostly aspiring models and actresses, they earn up to $15,000 a year, are strictly supervised by Browne's pretty wife, Jean...
...payments for development. The Export-Import Bank makes loans exclusively for the purchase of U.S. equipment and commodities. The International Co operation Administration dispenses grant aid and technical assistance. The International Finance Corporation operates on a small scale as an affiliate of the World Bank and the IMF to invest in private enterprise...
Tisch got into the hotel business when his father, a New York manufacturer of boys' clothing, gave him $125,000 to invest after he had graduated from New York University (at 18) and spent three years in the Army. He bought the drowsy Laurel-in-the-Pines resort hotel in Lakewood, N.J. with a partner, attracted guests by refurbishing it and using promotion stunts (one: importing three reindeer from Finland). He made so much money the first year that he bought out his partner...
...result, foreigners began to turn their U.S. short-term holdings into gold to invest it at higher interest rates abroad. While the U.S. lost only $126 million worth of gold in the first six months, another $391 million has been lost since June. Last week another $50 million in gold left the U.S. The big question: How much more of these foreign credits will be converted into gold and taken away...