Word: investers
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...moves markets and has become a millionaire in the process does not invest in the market himself. Granville argues that no analyst should own stock because that would influence his judgments of the market...
Regional Assistance. The Administration plans to channel some federal subsidies into specific regions of the country that have been hard hit by declining industries, foreign competition, expensive energy and inadequate investment. The first recipient of such assistance is likely to be the factory belt stretching from Pennsylvania to Michigan that encompasses the auto, steel and rubber industries. Financing would be channeled through an existing Government agency such as the Economic Development Administration. The EDA would invest in large-scale projects and help industries to modernize their factories and improve or change their products in order to compete in world markets...
...favorite tax shelters, however, remain traditional real estate ventures and oil and gas exploration. Says Stuart E. Seigel, formerly chief counsel for the IRS and now a Washington tax lawyer: "Real estate investments tend to be more economically sound and assure tax benefits with no questions asked." Someone with $200,000 to invest might use the money for a down payment on a $1 million apartment complex. He would receive the rental income from the property, plus a tax credit because of depreciation on the $1 million building. The credit could then be used to lower his regular taxable income...
Railroaders also argue that if they cannot earn a sufficient profit on a shipment of coal, they will be unable to invest the money needed to keep tracks and cars in good shape. Critics charge, though, that railroads often demand exorbitant rates in areas where there are no good alternatives for moving the bulky product...
Founded in 1962, K mart was the brainchild of Harry Cunningham, the former chairman of S.S. Kresge Co., a stagnant chain of central-city dime stores. Convinced that Kresge's inner-city stores held little promise, Cunningham persuaded the company's board to invest $80 million in some 60 suburban K mart outlets. In four years, K mart's sales overtook those of Kresge stores, and in 1977 Kresge was renamed in honor of its successful spinoff...