Word: investers
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...Muzo, Peñas Blancas and Coscuez mines. The thieves pocket most of the emeralds that they dig out of the soil, paying off the inspectors who are supposed to guard the pits. Other stones are illegally mined to begin with. A miner with a few pesos to invest in dynamite and tools assembles a squad of men and goes off to dig. It is not a difficult job: the standard mining method is simply to dynamite the ground with a small charge, then rake emeralds out of the soil with crowbars. The stones lie so close to the surface...
...York City's housing crisis by not putting back into neighborhoods, in the form of mortgage loans, nearly as much as it takes out of them in the form of savings deposits. Although Citibank holds $2 billion in individual savings, the Nader group noted, only $500 million is invested in residential mortgages. In view of the social blight sweeping most great U.S. cities, especially in slum areas, the investigators' point is not unreasonable. The bank's retort-perhaps inadequate -is that Citibank handles more mortgages than other major New York banks. However, the principle that banks must...
...traces his interest in shipping to ] 948, when he fled the threatening Communists in Shanghai, where he worked in a local bank. Settling in Hong Kong, he opened a small import-export business. Relatives urged him to invest in real estate, but he had learned the hard way to prefer investments that were not tied down or vulnerable to government takeover. "I wanted movable assets," he explains. Without knowing port from starboard, he scraped together the down payment for a Liberty-type freighter...
Arguing that the University should invest in more people and equipment so that "adequate coordination" of evidence and prosecution can be achieved. the report notes, "The fact is that an internal disciplinary mechanism will become increasingly internal of protecting the interests of the University community if the evolving nature of events procludes adequate collection of objective and subjective evidence, identification of those responsible, and appropriate disciplinary proceedings...
...individual firms, the costs can be substantially greater. To meet new antipollution standards, some oil companies estimate that they must invest amounts equal to 10% of their pre-tax profits. Last week at General Motors' annual meeting, Chairman James Roche announced that the corporation will spend $214 million to combat pollution in 1971. Despite these outlays, environmentalists charge that major polluters often stall for time during lengthy negotiation periods provided for in many state and local laws, then begin work in earnest only when court action is threatened. In replying to this criticism, industry executives note that there...