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...established smuggling pipelines; for their distribution, a North American syndicate stretching from Miami to Vancouver. Escobar united the coqueros into a cartel and even organized a fund to serve as a kind of insurance in the event of raids or losses. The drug dons were also shrewd enough to invest their profits in diversified holdings: they now own extensive real estate in Florida, half of the approximately 200 high-rises along Panama City's oceanfront, and a variety of small businesses and financial institutions, like currency-exchange houses, through which they can launder their profits. "These guys...

Author: /time Magazine | Title: Fighting the Cocaine Wars | 2/25/1985 | See Source »

...economists put the primary blame for the strong dollar on the U.S. budget deficit, which is expected to reach a record $220 billion this year. According to this argument, the Government's voracious appetite for funds has kept U.S. interest rates at steep levels. That has enticed foreigners to invest huge sums of money in the U.S., which has driven up the value of the dollar. Among the leading advocates of this theory are Federal Reserve Chairman Paul Volcker and Harvard Professor Martin Feldstein, who was chairman of Reagan's Council of Economic Advisers until he resigned last summer. Their...

Author: /time Magazine | Title: The Dollar As King Currency | 2/25/1985 | See Source »

Finally, the Japanese, who often sit on the sidelines during international economic turmoil, could help settle currency markets by making it easier for foreigners to invest in securities denominated in yen. The country should speed up its efforts to bring down import barriers and thus reduce its gigantic trade surplus, which is expected to reach $55 billion this year...

Author: /time Magazine | Title: The Dollar As King Currency | 2/25/1985 | See Source »

...both the Tutu Principles and the Sullivan Principles. Together with the University's standard guidelines for operations in South Africa, these principles require companies to: do less than 50 percent of their business in the country; pay laborers equally for equal work, institute a minimum wage; end workplace segregation; invest "massively" in education reforms and in community development; actively oppose the "influx control laws," which control the freedom of non-whites to move about the country and represent the cornerstone of apartheid; and (in the near future) to discontinue producing hardware or supplying any capital whatsoever which might directly...

Author: NO WRITER ATTRIBUTED | Title: Intensive Dialogue Can Work | 2/21/1985 | See Source »

THERE ARE MANY OTHER ways to shape the future of Harvard's faculty and attract talented professors to Cambridge. We urge the University to invest its time-and efforts elsewhere: in securing endowed chairs, state-of-the-art laboratories and other resources to attract faculty rather than to infringe upon the community. Hiring a faculty real estate consuitant is also an excellent way of solving professors housing woes--a plan of action the University is already pursuing...

Author: NO WRITER ATTRIBUTED | Title: Tenant Tyrant | 2/19/1985 | See Source »

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