Word: investers
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Mutual fund companies and brokerage houses, for example, are trying to wrest IRA dollars away from banks and S and Ls by offering investments in stocks, bonds, money-market securities and even oil ventures. Insurance companies are touting so-called fixed-annuity plans that guarantee predetermined annual payouts during retirement. Many investment firms are encouraging corporations to set up programs that allow employees to invest in IRAs through payroll deductions. The Dreyfus Corp. of New York City, for example, already manages employee IRAs for more than 50 companies, including Warner Communications, RCA Corp. and Esmark...
...campus left, here was member of the Conservative Club and everyone was sure the night unanimity was about to varnish, a no-hitter ruined with two out in the ninth. But Cooper told the Advisors Committee on Shareholder Responsibility that his organization thought if wrong for Harvard to invest in banks lending to South Africa Before he sat down, however, he advanced another argument that it was hypocritical of those assembled to talk only about apartheid and not about the oppression of the gulag Communist in all its forms, he said, merited the same condemnation...
...President also proposed tax incentives for businessmen who invest in the Caribbean. Mindful that it will be years before the impact is felt, Reagan asked for $350 million in additional direct economic aid to the region this year. Explained Trade Representative William Brock: "We need one hard shot now because a lot of these countries are simply out of cash." El Salvador will get about $100 million more, as will economically ailing Costa Rica. The rest will be split among Jamaica, Honduras and the Dominican Republic. The package will raise economic aid to the region to $824 million...
...British stage cast will open the Papp production at the Drury Lane Theater there in May. Riley, who saw Pirates in Central Park and thought it "absolutely marvelous," has reason to hope that Londoners will endorse the stage show. A benefactor gave the faltering troupe .?150,000 to invest in Papp's London Pirates, and the profits, if any, will be used to resuscitate D'Oyly Carte. The idea of old conventions saved by audacious newcomers is an irony that Savoyards may resent. But Gilbert would have cherished it, and Sullivan would have set it to music...
...President's proposal for tax incentives for private investment in the Caribbean has already been tried, usually with the same result. U.S. corporations receive more "incentive" to invest in capital-intensive extractive industries, such as bauxite in Jamaica and Guyana, Ore companies set up low-wage assembly industries--baseball stitching in Haiti, to name one--that add very little to a nation's capital stock or level of skills. In short, the President is sending supply-side economics on an island cruise; his proposals will only exacerbate the region's dependence on foreign investment...