Word: investive
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...July 22, General Electric announced a string of deals with the Mubadala Development Company, a government-controlled investment fund in the tiny Persian Gulf emirate of Abu Dhabi. Among other things, GE and Mubadala pledged to invest $8 billion in a joint venture to sell financial products in the Middle East and Africa. Ultimately, said Mubadala, it plans to be one of GE's 10 largest investors...
...which Al Gore recently described as "sclerotic at a time when these crises require boldness." Case in point: the federal tax credits for renewable energy, which are set to expire at the end of the year. Passed as part of the 2005 energy bill, the credits encourage businesses to invest in alternative energy. Utilities that produce wind power earn 2 cents for every kilowatt generated over the first 10 years of a project's operation. For solar energy, tax credits can be worth up to 30% of the cost of a project. These credits are modest - especially compared...
When it comes to savings, workers want new resources to weather unforeseen income interruptions, especially in an increasingly volatile economy. A nonprofit in Boston is encouraging low-income workers to invest a portion of their tax refunds in savings bonds. Its average bond purchaser's profile is that of a single working mother with an income under $21,000, acquiring the bond for her children--a powerful testament to the idea that working people will make responsible choices if given the right opportunities. On the health-care front, a New York--based organization is developing ways for independent workers...
...opaque tribal structures, on old constitutions and new cultures, on religion and luck. Afghans have the energy, the pride and the competence to lead that process. The West, however, does not. It should not waste its money, its lives and its reputation trying to do the impossible. It should invest in what it does well. We do not have a moral obligation to do what we cannot...
...charisma of a local governor and owed little to Western-funded "capacity-building" seminars. The greatest recent improvements in local government have come about through the replacement of local governors rather than through hundred-million-dollar training programs. Since these successes are often difficult to predict, we should invest in numerous smaller opportunities rather than bet all our chips on a few large programs...