Word: investers
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Dates: during 1980-1989
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Regional Assistance. The Administration plans to channel some federal subsidies into specific regions of the country that have been hard hit by declining industries, foreign competition, expensive energy and inadequate investment. The first recipient of such assistance is likely to be the factory belt stretching from Pennsylvania to Michigan that encompasses the auto, steel and rubber industries. Financing would be channeled through an existing Government agency such as the Economic Development Administration. The EDA would invest in large-scale projects and help industries to modernize their factories and improve or change their products in order to compete in world markets...
Founded in 1962, K mart was the brainchild of Harry Cunningham, the former chairman of S.S. Kresge Co., a stagnant chain of central-city dime stores. Convinced that Kresge's inner-city stores held little promise, Cunningham persuaded the company's board to invest $80 million in some 60 suburban K mart outlets. In four years, K mart's sales overtook those of Kresge stores, and in 1977 Kresge was renamed in honor of its successful spinoff...
...subtracted $166,733 in business expenses, including payments to his agents and ghostwriter. Reagan also received interest and dividends of $114,348 and gross profits of $234,500 from the sale of $953,975 worth of stock in eleven companies. Reagan's trustees sold the stock to invest in high-yield money-market instruments...
...socially aware risk takers who will become tomorrow's titans." But his boss, Research Director Ray Dirks, expects Rubin to provide the company with something else. Says Dirks: "A lot of people who were around in the '60s have matured, and some of them want to invest. We can use somebody like...
...granted tax incentives to encourage foreign firms already in Argentina to expand their operations and new ones to set up plants. So far, the response has been positive. Ford plans to spend $160 million on expansion of its plant located in a suburb of the capital. Volkswagen intends to invest $100 million to expand the plant it bought from Chrysler. Martínez de Hoz also relaxed Argentina's ultranationalist laws banning foreign oil companies from participating in petroleum exploration. In response, foreign firms have spent at least $400 million on the search for oil. Result: Argentina will become...