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Once sacred Maoist principles are being abandoned for more efficient but heretical ideas such as industrial competition, higher incentive wages, and productivity bonuses. Private plots on which agricultural workers can raise and sell their own crops are making a comeback. Companies are now allowed to withhold some profits to invest as they wish. An editorial in the People's Daily urged further progress down the capitalistic road. "In the process of competition," it said, "a small number of enterprises will be eliminated because their products are of poor quality. What's wrong with that? It will encourage...

Author: /time Magazine | Title: Business: China Faces Reality | 3/12/1979 | See Source »

...course, this cost is highly speculative--Stanford did not even venture to estimate it. Harvard's estimates of $1.8-6.8 million annually for recurring costs are based on a Princeton study of the stock market in the years 1953-1968. This study demonstrated the overall greater profitability of investment in the large multinational corporations, which comprise the bulk of U.S. business interests. However, in the ten years since 1968 the multinationals have not fared nearly so well. Many investors now prefer to invest in other stocks, or in real estate, government bonds, etc. It is far from clear that...

Author: NO WRITER ATTRIBUTED | Title: Faculty Members Reflect on Divestiture | 3/7/1979 | See Source »

...feel that the money a corporation has made to invest in Singapore, or wherever, came from this state, and they have a responsibility to put it back in" when they leave, Gallagher said...

Author: By Eileen M. Smith, | Title: Bill Seeks Compensation From Firms Leaving Area | 3/6/1979 | See Source »

...trading is always fast and furious on the floor of the Chicago Board Options Exchange, where high-rolling speculators invest in options to buy securities at a set price for a certain length of time...

Author: /time Magazine | Title: Americana: Cocaine Options | 2/19/1979 | See Source »

...people to invest that much time and energy and then not seriously pay attention to what they conclude," Fox said...

Author: By Suzanne R. Spring, | Title: Consumer Committee Disputes Corporation's Boycott Policy | 2/17/1979 | See Source »

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