Word: investers
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Long derided as a symbol of button-down regimentation fit for only a nerd or an IBM lifer, white shirts are back in style. At Wilkes Bashford, San Francisco's tony clothiers, sales have boomed as executives invest in convenience. "A line of white shirts in the closet is comforting to face when you're in a hurry," observes Salesman Jay Haley. "They go with everything, so you can just pull them out of the closet with no fuss and bam! you're out the door looking good...
Cock-fighting is a major diversion and source of income for many Filipinos. In addition to betting on the contests, many afficionados raise their own birds and invest a great deal of time, energy and money on them...
...unstuffy is Icahn's partner, Alfred Kingsley, a burly analytical wizard whose tiny office is buried in financial documents. "I know exactly where everything is -- unless somebody moves the paper. Then there'll be a crisis." Somehow Icahn's operation remains efficient despite the increasingly complicated latticework of his investments. Icahn raises money through an array of partnerships bearing such names as Aero Limited, Crane, Pelican and Condor. He changes the titles frequently so that his competitors cannot easily follow his activities in the market. To play, new investors must kick in a minimum of $100 million. But as Icahn...
...growth rate of more than 9% over the past two decades, Taiwan's economy now stands at a potentially hazardous crossroads. With an average manufacturing wage of $535 a month, the country can no longer claim to offer cheap labor by Asian standards, yet it has been slow to invest in higher- technology fields. Exports of textiles, a key industry, last year grew by an impressive 23%. But other sectors have been hurt by a 40% rise since late 1985 in the value of the New Taiwan dollar against the U.S. greenback, which has increased the price of the island...
...other hand: Once America was more inclined to look for the best of itself in its leaders, to invest more faith and hope in them. Now, 20 years later, says Ralph Whitehead of the University of Massachusetts, a more realistic society may be better than its leaders...