Word: investers
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Since its May opening, Cats has been London's hottest ticket. The show's composer and director plan to visit New York City soon to entertain bids for a Broadway version of Cats from some of the same angels who thought the project too risky to invest in when it needed funds a few months ago. So the Prince of Wales and his bride-to-be are not the only British couple who have reason to smile these days. Catch Lloyd Webber or Nunn off-guard, and you are likely to see a mile-wide Cheshire-cat grin...
...interest in the economic success of the other. Workers, including managers, are not willing to sacrifice to help build the future prosperity of the company since they know that they will not be around to share in that future prosperity. Conversely the company is not willing to invest in the future success of the individual since that person is apt to be somewhere else when the investment that goes into training him pays...
...result is gross underinvestment in creating the on-the-job skills necessary for industrial success. Blue-collar workers are traditionally trained on the job, but with today's high turnover rates no firm wants to invest in training its work force since there is a very high probability that the workers will soon leave for another job. For each firm it is cheaper to bid, with higher wages, a skilled worker away from other firms, but this obviously does not work for the economy as a whole. The result is a perpetual shortage of skilled blue-collar workers whenever...
...circular bar, bankers, businessmen, armed security guards, militiamen, spies and a few tourists were talking about land values. Indeed all over Beirut, the wheeling and dealing for which the city is celebrated had resumed. With land scarce and money plentiful because hardly anyone pays taxes, the Beirutis continue to invest heavily in property that has risen astronomically in price despite the destruction. Said one businessman: "People who never had a house before are building one now, while those who had them are rebuilding. I know a family whose home has been destroyed three times, and they have rebuilt three times...
...assets of $17 billion. It requires an initial deposit of $5,000, but the money earns a high return-last week 17.43%-and investors can write checks (of $500 or more) at any time. Better yet is Merrill Lynch's Cash Management Account. Customers with $20,000 to invest can not only reap high money-market yields but also write checks of any amount or use their accounts to pay for purchases with VISA debit cards. Some 300,000 people have opened Cash Management Accounts, which are available in 35 states, and another 1,000 are joining the program...