Word: investers
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...bought the prestigious chain, it was evidently hoping to repeat its triumph with Tiffany. Investcorp certainly promoted Saks to its clients that way. A 1990 private-placement memo to Arab clients obtained by TIME contains an extremely bullish forecast on the first page: Saks was expected to produce an investment return of 25.9% a year, and was likely to be sold within four years. One reason Investcorp failed to repeat its Tiffany coup with Saks is that the $1.6 billion purchase price was $200 million to $300 million too high, according to several sources, including a former Investcorp executive with...
...Dessouki, dean of economics and political science at Cairo University, observes, "When the big powers are in agreement, the U.N. performs. When they aren't, the U.N. is paralyzed." Security Council members, who ensure that no Secretary-General will pose a challenge to their individual authority, could invest the office with Bismarckian clout at any time. Short of that, they could put a quietus to the outmoded system of rotating the chief's job among "nonaligned" parts of the world...
...announced in Stockholm last week, went to scientists who have wrestled with questions at once basic and easily grasped: What is the universe made of? How does DNA create complex life-forms? What made the hole in the ozone layer? And how do people decide how they spend and invest their money...
...nation's capital in order to protest the policies of the United States government. A promotional pamphlet promises, "The whole world will be watching to see if this march will produce civil unrest and strife. The world of investors will be watching to see if it is safe to invest in the economy of America. We say to the world you will be witnessing the power of Allah's (God's) Own Hand on the children of ex-slaves whose mind is on freedom, justice and equality for all of our people...
...Academy likes to invest some geopolitical significance in its literature awards, and the current peace talks in Northern Ireland seem to have influenced this year's decision. Among the reasons cited for choosing Heaney: "As an Irish Catholic, he has concerned himself with analysis of violence in Northern Ireland--with the express reservation that he wants to avoid the conventional terms...