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...comments was strong. Bond prices have been tumbling for months as interest rates climbed, but they immediately picked up after he spoke. The strong bond market helped set the stage for the stock rally. With some top-grade corporate bonds paying 13%, there has been little incentive to invest in the shares of corporations, where the dividends are lower and the risk of potential capital loss much higher. But when evidence began to pour in that bond yields had at least leveled off and might fall, stocks suddenly became more attractive...

Author: /time Magazine | Title: Those Roaring Bulls | 8/13/1984 | See Source »

...billion over the next three years through such steps as raising liquor taxes and reducing business deductions for luxury cars. But buried in the fine print of the 751-page 1984 Deficit Reduction Act is a fundamental change in the way the tax code treats foreigners who invest in the U.S. The measure could attract more money from overseas, which would help finance the U.S. budget deficit, hold down interest rates and perhaps spark a boom in the stock and bond markets. Indeed, the rally seemed to have already started last week...

Author: /time Magazine | Title: America the Tax Haven | 8/13/1984 | See Source »

...everyone, from American consumers and manufacturers to Third World borrowers, and the effects of the strong U.S. currency were felt last week far beyond money-exchange markets. In New York, gold prices dropped to a two-year low of $338 an ounce, as speculators dumped the precious metal to invest in dollars. In Chicago, commodities prices fell as well, further depressing goods as varied as soybeans and lumber. Since May, commodities prices have dipped nearly 9%, in part because of the rush to buy dollars...

Author: /time Magazine | Title: The Incredible Superdollar | 7/23/1984 | See Source »

...losing. But two weeks ago, Steinberg formed a holding company, MM Acquisition (named for Disney's own Mickey Mouse). For his partners Steinberg enlisted Kirk Kerkorian, 67, the majority stockholder in MGM/UA Entertainment, and Fisher Financial and Development, a New York City real estate firm. Kerkorian agreed to invest $75 million for a 20% stake in the new firm in return for a 60-day option to buy the Disney studio and film library for $448 million. Fisher put in the same amount in return for exclusive rights to acquire undeveloped land near Walt Disney World and Epcot Center...

Author: /time Magazine | Title: Greenmailing Mickey Mouse | 6/25/1984 | See Source »

While refusing to comment on Radcliffe's new guidelines, Blumenthal said the Sullivan Principles should not be the "zine quanon" in deciding whether or not to invest. "There are a number of problems I would see in using the Sullivan Principles at go, no-go guide," he added...

Author: By Michall W. Hirschorn, | Title: Radcliffe Toughens South Africa Stand | 6/24/1984 | See Source »

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