Word: investers
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...face of such widespread price increases, businessmen are continuing to boost their capital spending budgets, figuring that they had better invest before prices go up still more. During this year's third quarter, according to the National Industrial Conference Board, capital budgets of the nation's 1,000 largest manufacturers went up at an annual rate of 3.7%. That was not as big a rise as the 13% increase in the second quarter, but a rise nonetheless. Before businessmen bet less, the Administration will have to show them more convincing evidence that they are going to lose...
...company's salesmen stay together and play together. A team of them often converges on a town and spends the whole week blanketing it. On weekends, salesmen and their families are expected to invest their leisure time in the company of local managers...
...problem in carrying out the new "Pauline policy" is how to keep the Vatican's income high while rearranging its portfolio. Accordingly, financial men expect the church to invest more funds outside Italy than it has in the past. By adopting a low domestic profile as a capitalist, the Pope hopes in time to erase the "Vatican satellite" image from Italian companies...
Having invented urban sprawl, Californians may be among the first to find ways of revitalizing and rebuilding the inner cities. Los Angeles, with its stubborn refusal to invest in efficient rapid transit, may yet be obliged to give up the automobile and go to subways; for a model, there will be San Francisco's computer-controlled BART (Bay Area Transit) system, which is, after many years, now within reach of completion...
...this requires an immense program of capital accumulation (the state plans to re-invest 30 percent of the total GNP each year, beginning in 1969). In a poor country, capital accumulation means cutting down consumption and putting in extra hours of labor with no material compensation. Since most of Cuba's foreign exchange (crucial to importing machinery) comes from sugar exports, it will try to boost its sugar crop, falling since the early days of the revolution, to a total of ten million tons. The key to achieving this goal is voluntary labor, by students, intellectuals, and urban employees...