Word: investers
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Increasing taxes to reduce the deficit would produce only a marginal rise in federal revenues and would have the adverse effect of providing a greater incentive for people to invest in nonproductive tax shelters. Any attempt to reduce the deficit must first focus on the spending side of the equation...
...defense will contend that De Lorean thought he was meeting with legitimate businessmen to persuade them to invest in his car company. But De Lorean's lawyers must overcome the evidence on five hours of videotapes and 58 audio recordings that will be the heart of the Government's case. The defense will also try to destroy the credibility of a main prosecution witness, James Timothy Hoffman, a former drug dealer and onetime California neighbor of De Lorean's, who helped get De Lorean involved with the undercover agents. The defense will claim that Hoffman enticed...
...part of an ongoing effort to improve its ability to invest shrewdly the University's $2.6 billion endowment, the Harvard Management Company (HMC) plans to fill three positions this spring. HMC President Walter M. Cabot '55 said this week...
Zeros suit other kinds of long-term plans as well. Jay Goldinger, a Beverly Hills investment adviser, calls them "an excellent means to save for a child's college education." If the parents of a five-year-old were to invest $9,440 in a high-grade zero paying 11% interest, says Goldinger, they would have $40,000 by the time the child reached...
Still, brokers see a profitable future for zeros. Wall Street expects sales of about $45 billion during the next year and a half. Wilson, meanwhile, says he is developing eight new ways to invest in the bonds. That could help make zero an even hotter number than it already...