Word: investers
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Ironically, India has found an ally in a U.S. company. After four years of negotiations, PepsiCo last week began to sell its soft drinks in India. Over the next ten years, PepsiCo and its Indian partners are expected to invest $1 billion in their joint venture. As a result, Christopher Sinclair, president of Pepsi-Cola International, has urged U.S. Trade Representative Carla Hills not to impose any economic sanctions against India. Says Sinclair: "We feel that punitive actions by the U.S. would only derail things." Hills has until July 16 to make her decision...
...override Bush's veto of a bill that would have allowed Chinese students who feared persecution in their homeland in the wake of last year's Tiananmen massacre to remain in the U.S. The bill had passed the Senate overwhelmingly, and most of his advisers recommended that Bush not invest his prestige in an uphill battle to uphold his veto. Sununu strongly disagreed. He persuaded Bush to put a full-court press on every Republican Senator, promising to protect the students by Executive Order without offending the prickly Chinese leadership. What was at stake, Sununu stressed, was the President...
Milken did not fritter money away on Gulfstreams and private islands as most tycoons do. He formed partnerships to invest in everything from furriers to California real estate. His family's holdings include the five-story building that housed Drexel's Beverly Hills offices, along with several adjacent structures. (Milken picked up extra cash by renting the buildings to Drexel for about $11.2 million from 1984 to 1988.) The complex at Wilshire Boulevard and Rodeo Drive now has an estimated value of roughly $85 million...
...return, the Bush Administration largely restated its previous pledges to encourage Americans to save and invest more of their earnings. Washington once again stressed its determination to cut the U.S. budget deficit, to improve American education and to upgrade the work force. Much like the Japanese promises, the vague U.S. statements made little mention of how the goals would be accomplished. Nonetheless, U.S. Trade Representative Carla Hills commended the "progress and hard work on both sides." Hills called the deal "the most ambitious effort we've seen from the Japanese. It constitutes a clear blueprint for reform...
...regulators? Off the streets, out of ads. They took this conglomeration of inexperienced and untrained people and they say, O.K., go out and cope with the Charlie Keatings who are diversifying the S&Ls. You've got a bunch of know-nothings trying to tell business people how to invest money...