Word: investers
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...Invest in Mass Transit...
...suit focuses on seven investments made by Southwest that accounted for more than $140 million in losses, including $30 million-plus in the 1983 Camelback Esplanade hotel-and-office-building project. Symington, who served on Southwest's board of directors from 1972 until early 1984, was primarily a real estate developer; it was in the latter capacity that he first urged the thrift to invest in the Esplanade project. The RTC suit claims that Symington failed to get the necessary advance approval from federal agencies; that the purchase price was misrepresented to Southwest; and that the deal was unsafe...
...Gogh. So given the choice between a little piece of Einstein for $15,000 or a work by Van Gogh for $15 million (and given $15 million), I would opt for the Einstein, spend a further $28 on socks (to give the economy a little boost) and invest the rest someplace safe...
Bingaman and others on Capitol Hill have urged the White House to identify critical technologies and invest prudently in each one. The problem for the Administration has been how to change tack without appearing to double back on the Reaganaut course. After repeated nudges from his friends in business, Bush groped his way toward a middle-ground policy in which the government would join with private industry to help "precompetitive, generic technology." By restricting federal financing to investment in broad technologies in the early stages of development, rather than products ready for commercial exploitation, the White House insists that...
...capital-gains rate should be cut -- to ZERO! -- but only on future investments in newly issued stocks and bonds (and "founders' stock"). There would be no special break for real estate or art or gold, or for securities trading -- only the initial securities purchaser would get the break when he sold. Such a rifle-shot tax cut would be a huge incentive to invest in new companies, and to fund the expansion and modernization of old ones, but at a tiny fraction of the cost of an across-the-board cut. It would be a boon for Wall Street, making...