Word: investers
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...corporate managers and big shareholders but also masses of wage earners. When profits are perking up, a company's management is more willing and able to grant wage and salary increases to its employees. High-profit companies can be expected to spend more than low-profit firms to invest in antipollution devices or to hire, train and promote the hard-core unemployed...
Besides cold cash, anyone with ideas about making money in the stock market needs to spend quite a bit of time studying the past performance and future prospects of companies in which he would like to invest. Even when they have the cash, not too many people have the time; among the few who do are men who happen to be in prison. So three years ago, Ira Distenfield, a 26-year-old stockbroker who has studied criminology, began teaching investment courses to inmates of the Stateville Prison in Joliet, Ill., and Chicago's Cook County Jail. Since then...
Economists sympathetic to McGovern argue that investment would be encouraged as a result of demand built up by the minimum-income program and heavy social spending. Companies, they believe, would simply have to expand to supply an enlarging market. Conservative economists reply that businesses would spend less to expand and modernize, because the costs of investment would be higher. The result would be a slower growth of productivity. Interest rates might also go up. Reason: businesses would have to borrow more of whatever they did invest -at the very time that McGovern's tax program was reducing the supply...
...church and its branches might well be called the "unitarian" wing of the occult. The members invest themselves with some of the most flamboyant trappings of occultism, but magic for them is mostly psychodrama ?or plain old carnival hokum. They invoke Satan not as a supernatural being, but as a symbol of man's self-gratifying ego, which is what they really worship. They look down on those who actually believe in the supernatural, evil or otherwise...
...EXISTENCE OF HARVARD'S billion itself destroys the myth of the Ivory Tower. You can't be neutral with $1.2 billion, and, in fact, Harvard's investment policy is filled with establishment presumptions. Would it invest in whorehouses? Or gambling casinos? Many of us on this side of State Street would rather finance our educations with prostitution (sexually unbiased, one had better add) than with napalm, if it came to that: and we would want to pressure a company in Harvard's portfolio to switch from one to the other. Harvard and other universities must justify their privileged positions...