Word: investers
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...where Murphy's math is. It will spend more than $4 billion this year, increasing to $5 billion in 1980, to expand and modernize. Murphy aims to increase G.M.'s already large share of auto markets abroad-notably in Latin America, Africa and Asia. But G.M. will invest 85% of its capital budget in the U.S., a slightly higher proportion than in past years. By next year's end it will add 30,000 jobs to its domestic employment rolls, which is particularly pleasing to the chairman, who was unemployed for a year during the Depression 1930s...
...decision about which package--the tuition tax credit or the student aid bill--to invest in is turning into a power struggle on Capitol Hill as both sides race to gather supporters and maneuver into position for the decisive votes. Either option means asking for the largest one-time increase in federal aid to education since 1956. Both packages call for about $1.5 billion in additional aid by 1980, which is almost half of what the federal government currently spends on higher education. Supporters of the student-aid bill say they have an advantage here, however, because they...
...weak dollar also threatens a flight of capital from the U.S., just when America needs more investment to create jobs, dig for oil and develop all those costly alternative sources of energy. Sure, Europeans and Japanese and Latin Americans have been putting much of their surplus cash into land and factories in the U.S., which they figure is immune to the socialism that infects many of their own countries. But they would invest much more-particularly in the U.S. stock market, which is undervalued and could use the lift from abroad-if the dollar showed signs of recovery. So long...
...South Africa. The University of Wisconsin has been advised by the state attorney general to sell $9 million worth of holdings in companies with South African subsidiaries, as well as stock in any firms with Saudi Arabian and Soviet connections. The reason: state law forbids any state agency to invest in companies that discriminate...
...marathon four-hour meeting, the ACSR considered several draft proposals of possible actions the Corporation might take to convince banks--either ones in which Harvard now holds investments, or those in which it might invest in the future--to end their support for the apartheid system...