Word: investers
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...believe that it is time for America, within a strong commitment to fiscal responsibility . . . to . . . reinvest in its people, to invest in new priorities . . . in lifelong education and training . . . in targeted economic development . . . ((in)) rebuilt American infrastructure and public facilities...
...Read invest as the new Democratic code word for spend; rarely have so many potentially budget-busting programs been separated by so little punctuation. Dukakis is the apostle of "targeted economic development," while Jackson has . stressed creating public service jobs to rebuild America's "infrastructure." The platform neglects to explain how "fiscal responsibility" might be achieved. But Jackson is likely to wage a convention floor fight on this point to insert a pledge to raise the taxes of the wealthy. Dukakis' likely response: "Go ahead, make...
Already, farmers have proved they are able to profit in some districts where unsubsidized irrigation costs as much as $75. They shift to crops that use less water, require heavy capital investment and bring a higher price: orchard fruits and nuts, specialty vegetables, safflower. They invest in drip irrigation and other water-saving technologies, and, where possible, water their land with inexpensive sewage effluent...
What to do with the money until it is needed? Democratic Senator Terry Sanford of North Carolina has introduced a bill that would require the trust fund to make loans for education and economic development. Republican Congressman Bill Green of New York wants to invest the fund in public works like housing projects. Says he: "The future, albeit temporary, riches of the Social Security system offer us a genuine opportunity to deal with some pressing national needs." But critics charge that using the surplus for general governmental programs creates a demand that is hard to turn off once the need...
Northrop admits paying $6.25 million to Park, who was known as "Pistol" Park because of his fondness for handguns. But the company contends the payment was a legal part of a so-called offset program, which many U.S. firms use to invest in countries that buy their goods. Northrop, claiming it was defrauded, is suing a group of Koreans allegedly involved with Park in the scandal. "We made the investment in good faith," a spokesman says...