Word: investing
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Dates: during 1950-1959
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...Race to Invest. Foreign capital for every sort of enterprise has come in since 1954 at the rate of $225 million annually, some 85% of it from Britain and the U.S. Britain is still Australia's biggest partner, but the U.S. is coming up fast. In 1948 the U.S. had only $115 million invested in Australia; today the kitty amounts to $670 million, and the forecast is for $1 billion in U.S. capital by the end of 1960. All told, 880 U.S. firms now do business in Australia. How well they do is evident from the statistics...
Brazil and the U.S. are historic friends and close partners in trade. But to hear Brazil's xenophobes and leftists tell it, the U.S. is stealing atomic minerals, interfering with the coffee market, sucking out exorbitant profits, monopolizing Brazilian industry (or, on the other hand, refusing to invest in Brazil). Career Diplomat John Moors Cabot, who built a reputation in Sweden from 1954 to 1957 as an ambassador willing to speak up anywhere any time for the U.S., was appalled at such complaints when he arrived in July to be U.S. ambassador. Last week, in a speech, he ticked...
...Britain, 42 mutual funds have sprung up (four of them in the past 15 months), offering to invest sums as small as 38?. With 400,000 buyers enrolled, British fund assets jumped 50% in the past year alone, to $336 million. Among newcomers to the capitalist class are thousands who still have no bank accounts. A poll of investors showed that one-fourth left school in the grammar grades. So radically has the British attitude toward buying shares in capitalism changed that even the Laborite Daily Herald in its financial column now urges mutual funds as a good place...
...would tranquilize Canadian concern, some sharp editorial retorts soon gave him reason to think otherwise. "That is the wrong tone to use, even with economic vassals," snapped the Toronto Star. "Canadians are perfectly aware that U.S. capital comes in here because this is a profitable country in which to invest, not for altruistic reasons. U.S. capital dominates many key Canadian industries. What this means is that the making of economic decisions affecting Canada lies far too often in non-Canadian hands." Said the Financial Post: "Canadians wonder whether they can call their country their own when outsiders own so much...
...with some paper plans for an advanced type of fighter. Rockefeller put up $10,000 and McDonnell Aircraft Corp. became one of the top plane companies. When Rockefeller's holdings were worth $400,000, he sold out-as he usually does when a company "matures"-to invest in newer companies...