Word: investment
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Dates: during 1970-1979
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...health issues, describes it as "a ripple effect." Says he: "When Carter talks about the positive aspects of marriage about developing welfare programs that reinforce the family . . . it makes people look at marriage differently." Sociologist Etziom agrees: "We don't have a king or a queen to invest our identity with, so the President's position on these issues is of enormous importance. It will be the largest single force in American society...
...council now backs him firmly, recognizing the importance of stability. For three years running Sullivan has pushed down the city's property tax rate, and Vellucci, one of the five councilors who voted Sullivan out of office in 1970, now stands squarely behind him. Sullivan has gotten developers to invest in the historically bleak area of Kendall Square in East Cambridge, and Vellucci says that under Sullivan's leadership Cambridge is doing as well as any city in Massachusetts at pulling down federal money to boost the city economy...
...dollar-6% against the Swiss franc, for example, in the past eight weeks -hardly inspires confidence either. Unease about many of these matters predates Carter's Inauguration, but there is no question that doubts about the President's economic policy have increased the reluctance to invest. Says Willard Butcher, president of Chase Manhattan Bank: "Frankly, many companies just don't know whether to go forward with capital expansion plans because they have got no clear signals from Washington." A senior official of California's Bank America Corp. adds, "They are waiting to see what happens...
Carter does intend to propose taxing all capital gains at full ordinary-income rates (at present, only half the profit on sales of assets such as stock and real estate is usually taxed). Businessmen complain that that would inhibit the very investment the President says he is so anxious to promote. Says James L. Moody Jr., president of Hannaford Bros. Co., a Maine food distributor: "The chief incentive to invest in business is to make money. Such proposals will slow down businessmen's investments in the U.S. at a time when countries like the Soviet Union and Japan...
...Some of my players settle for intramural football because they might be premed, for instance, and can't afford to invest time playing varsity," said Mather coach Dave Richardson. But Richardson's argument doesn't merely revolve around the problem of a time commitment, an obstacle mentioned by many of the players interviewed for the Journal yesterday at Webster Field...