Word: investers
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...over experience. When DuPont opened an agricultural-chemicals plant in Shanghai in 1991, local entrepreneurs made off with the formula for the company's Londax rice herbicide and started up a rival firm to produce it. DuPont's secret was not protected under Chinese law. Undaunted, DuPont plans to invest $16 million in a joint venture in Shanghai in 1995 that will manufacture equipment for integrated circuits. But this time the Delaware-based giant is trying to be smart about reducing its exposure to theft: in his August trip to Beijing, chairman Edgar Woolard lobbied Chinese President Jiang Zemin...
Even Marcia Stasch got caught. She had sold securities for a living and so, naturally, she read the prospectus and the brochures from the local brokerage of Piper Jaffray that came on heavy-card stock paper. They offered a government bond fund that seemed the perfect place to invest the $50,000 Stasch's 86-year-old widowed mother had made after selling her home in Minneapolis, Minnesota. Not only did Piper tout the triple-A-rated fund as a low-risk investment, but also said it would produce enough income -- $318 a month -- to pay her mother's rent...
...forms of short-term savings. The three-month T-bill was up 0.06 percentage points to 4.82% at the weekly auction, the six-month bills rose to 5.49%; and one-year bills reached an even 6%. The higher yields will help boost the return on money market funds that invest in government securities. And if you have enough money to invest, you can also buy Treasury bills directly. For information, write the Bureau of Public Debt, Treasury Department, Washington, D.C. 20239 or call 202-452-3946. The minimum investment is a hefty $10,000. But interest on the bills...
...best way to beat the mood, and the rain, is by getting out of the muddy slough of despond and taking decisive action. Quadlings would be well-advised to invest in hip boots and waders. First-years would be equally well-advised to make the pilgrimage to 29 Garden Street so that they can be properly grateful they don't live there. And if the roaches in Dunster House start lining up two by two, leave town...
...tattooed front man of the Rollins Band, a group sacred to many college radio stations. He winces. "Hip has become a lot of asses to kiss, a lot of places to be, a lot of parties to go to." Try it out on the poet Allen Ginsberg, who helped invest the idea with meaning in the '50s. After carefully distinguishing some current notions of hip from the outcast's lucidity that was his vision of it all, he lets loose. "An upper-bourgeois life-style con. A camouflage for egocentricity and commercial theatrics." Propose it to a younger writer, Mark...