Word: investive
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...They are much less leveraged" than in the past, Walker says. "There has been an aversion to taking on debt in Asia since 1998. There is less vulnerability to a downturn in economic activity." As interest rates around the region fall, Asian companies will begin to seek loans and invest, jumpstarting regional growth. "In that sense, the region is in actually quite a good position to springboard back into recovery" ahead of the U.S. or Europe, Walker says...
...wildcatter" Ray Cullen's efforts to convince a man named Judge R. E. Brooks to invest in drilling for crude in 1920: "That the judge couldn't find oil in a barrel didn't matter to Cullen; all that mattered was that Brooks and a dozen other leading Houston citizens had committed money to this drill site. Cullen politely suggested Judge Brooks pick the spot to break ground, and he did. When Cullen realized they had nothing to mark it, he walked to a mound of what Texans tastefully call "cow chips," pick up a few dry chunk, and piled...
...countries in the cartel have relied on oil to build their own infrastructures and sovereign funds. The money has allowed them to invest in businesses throughout the U.S., E.U., and Japan. Now, when assets in those nations are relatively cheap, OPEC members have lost the capital that they need to take advantage of bargains...
Native to the Caribbean, Jatropha curcas was taken to India in the 1600s by Portuguese sailors who used the seeds for long-burning lamp oil. When Paul Dalton, 54, a Washington child-advocate attorney, decided to invest $500,000 in an alternative-fuel venture, he followed the Portuguese trail to India and found prolific new jatropha varieties being cloned in the city of Mysore. The fuel emits negligible greenhouse gases, and the trees can capture four tons of carbon dioxide per acre (which might make growers eligible for carbon credits on the global market). Says Ron Pernick, co-founder...
...Compact Summers' immediate task is to convince skeptical Senators that shelling out nearly $1 trillion over two years isn't another exercise in traditional pork-barrel spending but a vital step needed to save jobs and invest in the future. Some Republicans call the current plan wasteful; free-spending Democrats long for more investments over years, not months. Summers argues that the stimulus bill splits the difference: not only will most of the money go to reviving the economy in the next 18 months, but much of it will also go to projects that could save money over the long...