Word: investers
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...laundering problem. The message to many other U.S. businessmen, ranging from bankers to stockbrokers, is that they could be next in line for a comeuppance. By accepting mountains of cash without asking questions, says the Reagan Administration, many of these enterprises are helping organized crime, knowingly or otherwise, to invest its booty from illicit activities...
...perhaps an occasional divestiture from an American company are positive steps, but while the University continues to hold over half a billion dollars in companies doing business in South Africa, these steps will remain little more than tokens. This tokenism is particularly disturbing when is accompanies frequent defenses of investment in South Africa. Harvard does not realize that what is crucial about American companies in South Africa is not so much how they treat their employees, but what they produce, import and invest in. What is crucial is the moral and political support they lend to that fossil of historic...
...University, however, does not honor the Tutu Principles recommendation that shareholders impose time limits on the corporations in which they invest to adhere to the above reforms...
...dollar in a free fall. Central bank intervention by itself in the markets is not likely to do any good in the long run." Rimmer de Vries, chief international economist of New York's Morgan Guaranty Trust, thinks that the dollar may remain strong because foreigners are eager to invest their money in the vibrant U.S. economy. Said he: "No other major Western nation has had such a combination of high growth and low inflation...
...DERBY IN the '80s reflects the economic turbulence of the '70s. Who could have predicted 15 years ago that the quintessential gentlemen's hobby would have become the preferred investment for sheiks, lawyers and industrialists alike? Suddenly (for Kentucky, at least), the rolling farmland and quaint barns which make the central Bluegrass one of the most picturesque regions in the nation acquired enormous value Inflation and its causes made it profitable, in only to invest massively in precisely those assets which make central Kentucky one of the most underrated tourist areas in North America-its farms, landscape, and related services...