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...hauling cash out of the U.S. has its drawbacks. The interest revenue lost while cash is in transit pains a drug dealer as much as it would a corporate financial officer. And since narcotraffickers see America as a safe and profitable haven for their assets, they often launder and invest their cash in the U.S. The first and trickiest step is depositing the hot cash in a U.S. financial institution. Reason: the IRS requires all banks to file Currency Transaction Reports for deposits of $10,000 or more. During the early 1980s, launderers got around this scrutiny by employing couriers...

Author: /time Magazine | Title: A Torrent of Dirty Dollars | 12/18/1989 | See Source »

Coalition members plan to monitor which companies abide by the Valdez Principles and to publicize the findings. In that way, environmentally conscious citizens would be able to decide which firms are best to buy products from, invest in and work for. If this strategy succeeds, companies will find that protecting the environment will be the best way to protect profits...

Author: /time Magazine | Title: Endangered Earth U.S. Agenda Businesses Scrub That Smokestack | 12/18/1989 | See Source »

...sense this is good. (And of course it's very good if you don't yet own a house.) In the U.S., we need to invest relatively less on expanding our living space and more on retooling our factories. We need fewer real estate agents and more teachers, fewer mortgage brokers and more engineers. So if people get the notion they'll make more money investing in stocks and bonds than in homes -- good! To succeed long-term, we need to save a little more and consume a little less...

Author: /time Magazine | Title: Money Angles: When a House Is Just a Home | 12/18/1989 | See Source »

...Dickinsons "were looking to buy prestige in Boston...Joanne [Dickinson] posed the interests [sic] bluntly, `Charles and I need an identity. We can not very well say we are philanthropists at cocktail parties. We want to be affiliated with Harvard, and we want to invest in something stimulating and established...

Author: NO WRITER ATTRIBUTED | Title: Harvard in the Eighties ...Comings and Coings | 12/16/1989 | See Source »

What drives the art market, some people say, is the desire to invest. Of course, it is more than that; genuine love of art, and even a curious yearning for transcendence, fuel it as well. But does art-investment success have an upper limit? Is there a limit to demand? Economists Bruno Frey and Angel , Serna, in an excellent inquiry in the October issue of Art & Antiques, examine the case of Yo Picasso. Humana Inc. president Wendell Cherry, who bought it in 1981 for $5.83 million and sold it in 1989 for $47.85 million, got a "real net rate...

Author: /time Magazine | Title: Sold! The Art Market: Goes Crazy | 11/27/1989 | See Source »

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