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...other leaders plead for more time to strengthen companies against aggressive foreign rivals-and time to squeeze the necessary decisions out of the consensus system. Japan's exasperated trading partners are no longer in any mood to grant that time. For instance, Japanese companies do not invest much in research, but instead rely largely on buying foreign technology. U.S. companies, in particular, no longer want only to sell technology. They want in on the Japanese market...

Author: /time Magazine | Title: Business: JAPAN'S STRUGGLE TO COPE WITH PLENTY | 8/1/1969 | See Source »

...splendor of Britain's royal heritage will be unfurled for an estimated 500 million television viewers next week as Queen Elizabeth journeys to Caernarvon Castle in North Wales to invest Charles as Prince of Wales. The title has been Charles' since his mother announced, when he was only nine, her intention of awarding it to him. The investiture will mark his formal installation. It will also serve to signal the end of Charles' royal adolescence (he turns 21 in November) and his acceptance of the role and tasks of apprentice sovereign. Perhaps most important, the ceremony is designed to honor...

Author: /time Magazine | Title: World: BRITAIN'S PRINCE CHARLES: THE APPRENTICE KING | 6/27/1969 | See Source »

...housing corporation will be headed by Chairman Carter Burgess, former head of American Machine & Foundry, and President Ray Watt, a large West Coast builder. It aims to raise $50 million from large corporations and banks and a public sale of stock. Then it will invest most of the money in a number of partnerships of local builders and small investors. For every dollar that the corporation puts up, each local partnership will put up about three dollars. In addition, these partnerships will get FHA-insured loans under the National Housing Act for up to 90% of the costs of construction...

Author: /time Magazine | Title: Housing: A Comsat for Construction | 6/13/1969 | See Source »

...Slope drilling without the depletion allowance, and claim that the allowance is necessary to spur further development. Despite the likelihood of a cut in the allowance, however, the managers of Atlantic-Richfield, British Petroleum and Jersey Standard believe that the find will be so profitable that they plan to invest $900 million in an 800-mile pipeline. It will bring the oil to the ice-free port of Valdez, Alaska. In order to expand its marketing of Alaskan oil, British Petroleum last week announced its intention of merging with Standard Oil of Ohio, whose stock promptly shot up 271 points...

Author: /time Magazine | Title: Oil: Battle Over Special Privilege | 6/13/1969 | See Source »

Bennett has been criticized by SDS Middle South Utilities, a holding company for allegedly racist utility companies in the Deep South. Even if the companies do not discriminate, it might be considered unusual for Harvard's treasurer to invest the University's funds in a corporation which he has served as a director since its founding in 1949 and in which his own investment firm and he personally have financial interest. Middle South might be a profitable investment, but what seems like a possible conflict of interest could in some cases result in imprudent uses of Harvard's money...

Author: By Jay Burke, | Title: Loosening the Grip--The Corporation In Spring, 1969 | 6/12/1969 | See Source »

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