Word: investers
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Dates: during 1980-1989
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Japan's export industries are so strong that the country is expected to pile up a $33 billion trade surplus in 1984. It is an embarrassment of riches that Japan does not know how to absorb. Said Yoshino: "We are not able to invest in our own economy all that we have earned...
...able to count on one thing: converting its seamy gains into money that is easier to use than the stacks of $50s or $100s in which payoffs are often made. By a process known as laundering, criminals deposit money in American or foreign banks, then withdraw it and invest it in construction projects, real estate or corporations. There is a lot to launder. The underworld's haul is estimated at no less than $ 170 billion annually from drug trafficking, prostitution and illegal gambling. Last week a report by the President's Commission on Organized Crime presented recommendations that...
...canceling expansion plans. Their cutbacks proved a boon to Japanese companies; they kept building plants and developing products, and thus were ready to grab new markets when business picked up. That lesson did not go unnoticed. During the depths of the 1981-82 recession, U.S. companies continued to invest. "We maintained our level of research-and-development spending," recalls Norman Neureiter, a vice president of Texas Instruments, one of the world's largest manufacturers of memory chips...
...have more force if Harvard owned stock in companies doing all or most of their business in South Africans. But that is not the case. The companies form which we are asked to divest typically do less than one percent of their business in South Africans. We do not invest in these concerns because of their South Africans operations: It would be more nearly correct to say that we invest despite those operations...
...really irresponsible for Harvard to invest the money alumni donate imprudently," Rosen explains...