Word: investers
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...after all, the President's brother, and his attraction depends upon that presidential nimbus. Watergate discredited the presidency, but it does not follow that the office therefore deserves to be treated cheaply. ("Cheap, hell!" Billy might answer. "I'm expensive!") Gerald Ford and his family managed to invest the White House with a relaxed kind of dignity during their tenure. They did not try to sell blankets along Pennsylvania Avenue. Billy Carter is hardly subverting the Republic by being tacky, but the psychodrama of his celebrity does not add much shine to the leader of the free world...
Worse still, the oil companies would not get a cent of the revenues to invest in exploration and development of new energy sources; they would have to finance R. and D. on their own. A far better idea would be to channel the wellhead taxes into R. and D.-perhaps by setting up a federal corporation to underwrite the efforts of companies struggling to find economical ways of coaxing oil out of otherwise exhausted wells, burning it out of shale or extracting it out of tar sands. Russell Long, the Louisiana Democrat who heads the Senate Finance Committee, has threatened...
...offering "at least" $40 a share for a controlling interest in Miles Laboratories, Elkhart Ind.-based maker of Alka-Seltzer and One-a-Day vitamins. If Bayer bought all 5.4 million Miles shares, the purchase would swallow $216 million of the $500 million that Bayer has pledged to invest in the U.S. during the next five years...
...once, overly optimistic about the national scene, anticipating a 4 per cent rate of inflation over the long run. Harvard's costs are rising at a much more rapid rate. The committee is reconsidering how much of the endowment's income to spend yearly and how much to re-invest for future needs...
...Opinion page article by Neva Seidman in the Crimson (September 27) was interesting and informative. Now that we have learned why Harvard should not invest in companies investing in South Africa, I am looking forward to reading articles on the shocking states of affairs in all the other countries where corporations partly owned by Harvard are doing business. You have material here for a lengthy series of exposes: in many of the black dictatorships of Africa, the citizens have even lower per capita income and fewer political rights...