Word: investment
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Dates: during 1970-1979
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...probusiness. Though Abe Beame insists that "we've weathered the storm," his own Temporary Commission on City Finances reported last month that the city is still in peril. The commission urged greater austerity and more enticing tax reductions for business, and told the city it must invest whatever funds it can spare in economic development rather than traditional services...
Warrior Image. The assets are mainly held through numbered bank accounts and blind names to prevent Israeli retaliation-and also to camouflage the wealth of a movement that prides itself on its warrior image. Much of the investment has been handled by the Arab Bank Ltd., a vigorous Amman-based banking house, controlled by Palestinians, with assets of $4 billion and branches or joint ventures in 19 countries, including the U.S. The Arab Bank is widely known in the Middle East as the P.L.O. Bank, but its Jerusalem-born president, Abdel Majeed Shoman, 65, is handsomely repaid for whatever risks...
Because native capital and technical know-how are scarce, Keating has been traveling from Tokyo to Houston persuading industrialists to invest in the thinly peopled (pop. 3 million) republic. On just one swing in April and May to Japan, Australia, Canada and the U.S., Keating brought back $150 million in new contracts from the U.S. alone. Through the offices of the Industrial Development Authority, the government agency charged with stimulating industrial expansion, Keating sets up lunch and dinner dates with corporate chiefs and ends up with his cowlick flying, making speeches in a lyric tenor. Even bored businessmen come...
...estimate more than $450 million has been invested in Ireland by U.S. companies ranging from General Electric, which makes components for color-television sets, to Bally Manufacturing Corp., the Chicago slot-machine company, which exports one-armed bandits from Dublin to Sydney. "We couldn't do business in Australia without that Dublin plant," says Bill O'Donnell, Bally's president, "because Ireland qualifies for special treatment on tariffs there." Although Keating is concentrating his efforts on the U.S., he recently lured Beecham Group Ltd., the big British pharmaceutical firm, to invest in a 50-acre site near...
...Agitprop. The players invest the slapdash plot with wit and perfect timing. Wheeling on crutches necessitated by a recent stage fall, Lloyd's Bill has a saturnine piratical mien worthy of Long John Silver. Though slightly reedy of voice, Meryl Streep renders the Brecht lines with impeccable intelligence. The marvel of the evening is the Kurt Weill score, arguably superior to that of The Threepenny Opera...