Word: investers
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...fledgling enterprise zone has sparked hope that new housing, businesses and jobs will flow into the area. Thus Guyton's suggestion that the street be turned into an artists' colony has generated little enthusiasm. "It is an embarrassing eyesore," fumes neighbor Anthony Dicus. "Nobody will want to invest here...
That credibility would be tested as Jobs delivered the speech to the faithful. And then he was there, on the giant screen. Gates appeared, amid boos and hisses, to announce that Microsoft would invest in and cooperate with Apple. Jobs is disappointed by the "childish behavior" of those who booed. "I'm sure some people want to cling to old identities. I was a little disappointed at the unprofessional reaction. On the one hand, people are dying to get the latest release of Microsoft Office on their Macs, and on the other hand, they're booing...
...after-tax basis, his wife's job barely covers the cost of dry cleaning and a mother's helper, without whom she could not work. Manager's nothing-fancy four-bedroom, two-bathroom house cost him $475,000. So he has a fat monthly payment. He'd love to invest more in the stock market. But his eldest child starts college in three years. Every spare dime goes into a short-term bond fund, where it is certain to hold its value and be available when the tuition bill arrives. It's all Manager can do to fully fund...
...true Mormon difference, however, lies in what the LDS church does with that money. Most denominations spend on staff, charity and the building and maintenance of churches; leaders will invest a certain amount--in the case of the Evangelical Lutherans, $152 million--as a pension fund, usually through mutual funds or a conservative stock portfolio. The philosophy is minimalist, as Lutheran pastor Mark Moller-Gunderson explains: "Our stewardship is not such that we grow the church through business ventures...
...vacuum of theological talent in a church with a lot of unusual theology to explain. But the benefit, notes Stark, is that "people at the top of the Mormon church have immense experience in the world. These guys have been around the track. Why do they choose to invest directly? Because they are not helpless. They are a bunch of hard-nosed businessmen." Rodney Brady, who runs Deseret Management Corp., has a Harvard business doctorate, served as executive vice president of pharmaceutical giant Bergen Brunswig and from 1970 to '72 was Assistant Secretary of the U.S. Department of Health, Education...