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...Cosbys invest heavily in comfort and aesthetics. They own houses in Manhattan, Philadelphia and Los Angeles, as well as a 265-acre estate near Amherst, Mass. (their primary residence); 22 fine cars, including two Rolls- Royces and a 1937 Aston Martin; an extensive collection of black American art; antique English and Shaker furniture; four cellars of vintage wines; and a seven-passenger Mitsubishi jet (a second jet, a 13-passenger Gulfstream IV, is on order...

Author: /time Magazine | Title: Show Business: I Do Believe in Control | 9/28/1987 | See Source »

...view of Hawaii Governor John Waihee, "It's not the origin of an investment dollar that makes it good or bad, but how it is invested." Takeovers that encourage U.S. competitiveness and efficiency and refurbish aging plants and equipment, in other words, are usually good, whoever spends the money. Likewise, the money that foreign companies invest in America is usually more important than the ultimate destination of any future profits. "To a worker in Chicago, does it make any difference whether the dividends go to New York or Tokyo? No," says Economist Edward Bernstein, a guest scholar at the Brookings...

Author: /time Magazine | Title: For Sale: America | 9/14/1987 | See Source »

...rehired the 400 who had been furloughed. But employees still feared the worst -- wrongly, as it turned out. "Everybody kind of expected that they would have to work a lot harder," says Sherrill. "But what we've found is that they just want you to work faster. They'll invest , money in new machinery in a heartbeat if they think it will make you more productive...

Author: /time Magazine | Title: Working for the Japanese | 9/14/1987 | See Source »

...nine-page advertising supplement that appeared last week in the Wall Street Journal was a first for the venerable organ of capitalism. In enthusiastic but occasionally stilted prose, the Communist government of Soviet Leader Mikhail Gorbachev issued an open invitation to Western businesses to invest in the Soviet Union. Beginning with a Gorbachev message on perestroika, or restructuring, of the economy, the insert highlights Soviet attempts to facilitate joint ventures with the West, touts tourist attractions and hails Soviet achievements in areas like eye surgery...

Author: /time Magazine | Title: Advertising: Perestroika on Wall Street | 9/7/1987 | See Source »

Experts warn that such grandiose projects involve heavy risks. "Without doubt, a high-tech military industry can generate economic growth," says Stephanie Neuman, a Columbia University political scientist. "But a nation must not only want to invest. It must be able to afford it as well...

Author: /time Magazine | Title: Defense What Price Sky-High Glory? | 7/20/1987 | See Source »

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