Word: investers
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Cornfeld always moves fast-critics might say too fast-but during 1969 he toppled his own expansion records. He launched two big new international investment companies, the go-go I.O.S. Venture Fund (assets: $170 million) and Investment Properties International, a real estate development concern that is starting a chain of luxury resort hotels in Jamaica, Mexico and Portugal. He spread into Australia, France and Sweden with "national" mutual funds -funds that invest some or all of their assets in local projects in order to overcome government reluctance to let their citizens send money abroad. Last week, in another precedent-breaking...
...simply faced with the hard fact that NASA cannot afford to continue to invest broadly in electronics research as we have in the past," said NASA administrator Thomas O. Paine...
...consider to be the world's most undervalued. Japan has tried various expedients to reduce its embarrassingly large holdings of foreign money and avoid a yen revaluation, which would raise Japanese export prices. For example, the government has increased the amount of foreign currency that Japanese firms can invest overseas without specific permission. So far, speculators have shown no tendency to buy yen in anticipation of a boost in its official value. But moneymen foresee a distinct possibility that speculation will soon begin...
Most of the new papers lack manpower and money. Relatively few moderate and conservative students seem willing to invest the time necessary to publish a college newspaper; and most college towns provide scarcely enough advertising to support one student paper, let alone two. Moreover, some of the conservative publications are as invective-filled as any radical paper. For example, Ergo, one of M.I.T.'s new publications, recently called the school's antiwar-research demonstrators "neo-Nazis" and "syndicalist swine." Still, the new opposition press is getting results. Says Crimson President James Fallows: "It's unhealthy...
...kept on telling me how hard he had to work to keep all the accounts in order but it was fun-he was accomplishing something. "I want to make my money myself, not just let someone invest it for me." No, he didn't want to stay in entertainment all his life. The people are fun and it's okay while you're young, but it isn't suited to a serious businessman's mentality: he thought in terms of receipts, not glamor...