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...northern settlements Israel's pioneers were encouraged to invest their own money. One who did was Eliezer Shmuel, 31. He fought in Sinai with the army during the 1973 October War and returned to invest $17,000 in a seaside restaurant. Now Shmuel hopes bravely that "the people who brought me here will take care of me." But in the barren, hard-baked south, between a range of sawtooth mountains and the clearwater, coral-reefed Gulf of Aqaba, the government retained ownership of the land. In Ofira (pop. 1,000), residents enjoy subsidized rents that average $40 a month...

Author: /time Magazine | Title: World: A Sense of Betrayal | 10/9/1978 | See Source »

...Calif., last November, he was apprehended with $78,000 of the bank's cash, an unloaded gun, a fake bomb and three hostages. In court, Masover, who was valedictorian of his class in high school, relied on a bizarre defense: he had stolen the money, but only to invest it in colonies in outer space as a way for earthlings to escape pollution and overpopulation. Moreover, he planned to pay the money back in 20 years or so, making the heist a forced loan rather than a robbery...

Author: /time Magazine | Title: Americana: Far-Out Defense | 10/2/1978 | See Source »

...backed International Court of Justice opinion made it illegal for the corporations of U.N. member nations to operate in South Africa. This legal development evidently did not bother the financial wizards on Boston's Federal Street who invest Harvard's money. Harvard did not buy its millions in AMAX stock until after the international court had declared the firm's Namibian operations illegal...

Author: NO WRITER ATTRIBUTED | Title: AMAX: Harvard's Illegal Company | 9/27/1978 | See Source »

...expects the new stringency to squeeze inflation down below 5% by late 1981. Consequently, interest rates will tumble. With inflation, taxes and interest rates all lower, business people will be able to invest in capital goods without demanding abnormally high rates of return to justify their outlays. Because those "hurdle rates" have been so steep, capital spending has been retarded for years. Just to stay competitive in the world, the U.S. needs to put 12% of its G.N.P. into such investment, but the figure has been 10% since the early 1970s. Result: America's plant is aging and outdated...

Author: /time Magazine | Title: Executive View by Marshall Loeb: After a Slowdown, the Boom of 1981 | 9/11/1978 | See Source »

Clubby bankers from Zurich to Tokyo have confided to Abboud that Middle Eastern, Latin American and Asian capitalists are poised to invest many billions in the politically stable U.S.-as soon as they become convinced that they will not lose because of further dollar erosion. When these worldly investors plunge in, the stock market will surge, many jobs and business opportunities will be created, and the temporarily groggy champ will start to bounce back...

Author: /time Magazine | Title: Executive View by Marshall Loeb: Some Hope for the Ex-Champ | 8/21/1978 | See Source »

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