Word: investers
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Since 1974, foreign investments in the capitalist bastion of America have been growing by an average 13% annually, and now total more than $171 billion, or two-thirds as much as the sum of U.S. investments abroad. Moreover, the gap between U.S. investment in foreign countries and vice versa is narrowing. For example, U.S. capital did much to fuel West Germany's postwar economic miracle, but now West Germans invest more in the U.S. than Americans put into the Federal Republic...
Newspapers and magazines in Europe bulge with ads for investment opportunities in American land and buildings. Says Jack Shaffer, a senior vice president of New York City's Sonnenblick-Goldman Corp., mortgage bankers: "Many of the foreigners who invest in U.S. real estate are the wealthiest people and richest institutions. They don't want to get rich. They are rich. They just don't want to get poor...
...serve these rich clients, investment firms abroad are now specializing in American property. Some are one-or two-man operations, and several are as large as West Germany's Lehndorff Management Ltd., which has invested some $300 million in U.S. properties for 1,800 investors. Reports TIME Bonn Correspondent Barrett Seaman: "An American kind of optimism is everywhere. In Frankfurt, a consortium of banks offered $60 million worth of over-the-counter investment shares in a Houston office building for about $10,000 each, and in three weeks sold out the offering to customers, many of them walking...
...makes no difference whether the foreign funds are scared money fleeing political and economic uncertainties, or entrepreneurial investments seeking opportunities for profit. An open-door welcome for all is the least that can be expected from the world's principal champion of free-market capitalism. For all its problems, the U.S. remains a land where foreigners by the millions still see immense potential, plentiful resources, an unshakable faith in the sanctity of private property, and a trust in the rewards of initiative. Now that they are able to afford it, there is nothing that should stop them from trying...
...field--furthering their progress, feeding their dreams, much as he himself grew under the influence of a mentor in his early adulthood. A more balanced life ensues--with the acceptance of mortality, the realization that he will not be the hero of his dreams, the decision to invest more time and energy in the non-work aspects of life...