Word: investers
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Greider argues that the economic machine also sows the seeds of its own destruction by generating an ever increasing bounty of goods while impoverishing the workers who might buy them: "Crudely stated, the technology competition leads companies to invest in more output of goods than the global marketplace of consumers can possibly absorb." The inevitable result, he predicts, will be a global depression...
...company, Johnson Development, also owns and develops shopping centers in "underserved" areas (meaning, no conventional company wants to invest there) of Las Vegas and Los Angeles. Magic is elevating his game too. Backed by a $150 million commitment from the California Public Employees' Retirement System, the nation's largest pension fund, Johnson plans to extend his real estate empire to poor communities in the rest of California and elsewhere...
Like any other star athlete, Johnson has done a ton of endorsements; now his own money is on the line. He and Sony are partners in the $8 million-plus theater investment, including the Magic Theatre at the Baldwin Hills Crenshaw Plaza in South Central Los Angeles, a top-grossing movie house. "Everybody in Hollywood said it wouldn't work," Johnson says of the L.A. deal. "They laughed at us, and they laughed at Sony. Now they want to know how they can help." The theater's success has given an assist to other businesses there. Like Greenbriar, the mall...
...plans to offer them first in Boston and then in the rest of New England. "The utility industry has been growing at 1% a year for the past decade," May says, "whereas the telecommunications industry has shot up 30% a year over the same period." Where would you invest? In the new world of deregulation, power companies are plugging into wherever they think juice...
...guys in question, Tom Sammon and Brad Scurlock, wanted to release an early iteration of their deep-interview software on CD-ROM and invited Diller to invest 5% or 10% of the necessary capital. Diller tested the product and counteroffered: he'd put in 100% if they would return to the garage until he deemed their product ready for prime time...