Word: investers
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...dapper, pun-prone host of Public Broadcasting Service's Wall $treet Week, Louis Rukeyser instructs his 10 million viewers on how to invest their money. Now the Internal Revenue Service is suggesting that the teacher may need some lessons of his own. The agency is demanding more than $400,000 in back taxes and penalties from Rukeyser and his wife Alexandra...
...denationalization, Balladur was already outlining other economic reforms. These steps will relax most foreign-exchange and credit controls and reduce interest rates. Balladur is confident that the program will pump new life into France's economy. Says he: "I don't see any more reason to hesitate to invest, to hire workers, to participate boldly in the resumption of growth and investment...
Harvard still refuses to divest from corporations doing business in South Africa. Instead of making the morally right move, it hides behind half arguments and makeshift programs, saying that the University needs to maintain a voice in that nation. Well, why don't they invest more in such corporations and gain a larger voice? Because even the administration knows that would be immoral. Divestment is difficult and will require time and energy, but such is the nature of moral choices...
...many Congressmen, particularly those from dairy states, are furious. Republican Senator Robert Kasten of Wisconsin has introduced two bills that would deny tax privileges and other benefits to foreign firms that invest in U.S. agriculture. Says Kasten: "Right now we've got two federal policies that are on a collision course...
Finally, even SASC's purely moral arguments for divestment are often weak and inconsistent. The activists push it on the premise that it is intrinsically immoral for Harvard to invest in a nation whose regime is based upon so fundamentally wrong a premise as that of South Africa. That may very well be so. Yet, when asked why they do not also favor and agitate for divestment from other despicable regimes--the Soviet Union, Chile, etc.--the typical response is that divestment from South Africa is more attainable and holds out greater prospect for change than divestment from other regimes...