Word: investers
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...seek advice on ways to invest this new cash, the IOR called on its lay financiers, like Michele Sindona, who urged the Pope's bank to invest in many of his deals. When Sindona's empire collapsed in 1974 with the failure of New York's Sin National Bank, the Vatican lost an estimated $70 million. Sin dona is serving a 25-year prison sentence...
Like a freezing man who tries to heat his house by feeding the walls and roof to the fireplace, Government borrowing now threatens to devour virtually every penny that Americans had been expected to save and invest under Reaganomics. Bank Economist Irwin Kellner of New York's Manufacturers Hanover Trust calculates that federal loans could consume no less than 92.1% of net national saving this year. Worse, Kellner predicts that in 1983 Government borrowing might take fully 113% of the year's net saving, siphoning money out of virtually every sector of the economy to help keep...
Secondly, Harvard has already agreed with students not to invest in banks that make loans to S.A. To do the equivalent for non-bank corporations. Harvard must divest itself from stocks in apartheid corporations and invest in the increasingly attractive bonds market...
...slow practical progress or technical complexity. "What people are looking for," says Molander, "is someone who will say, 'Here is the path to the solution to the problem.' But it's characteristic of this problem that thoughtful people don't know the answer yet." To invest so much energy and hope in campaigns for a freeze, he believes, is a bit misguided. Says he: "There are those who say the whole house of cards will fall into place once we have a freeze. That is clearly not true...
...addition, American steelmakers have been skimping on the capital invest ments required to keep their factories up to date and efficient. Many outdated plants have been in operation too long and are badly in need of modernization and new investment in order to compete with fac tories in Japan and West Germany...