Word: investment
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Dates: during 1970-1979
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Evidently, the Hughes relatives appreciated the importance of keeping the empire operating smoothly until there is a final settlement. Indeed, if ever an empire cried out for effective management, it is Hughes'. A patchwork business, it was haphazardly acquired, often when Hughes was in a rush to invest company earnings that he would otherwise have been forced to pay himself as highly taxable profits...
Perhaps if the Soviets had to devote more of their national resources to increasing their agricultural productivity they would be less free to invest them in arms. Our grain shipments relieve them of the necessity of choosing between bread and bombs...
...Advisers, made another telling point: "There are so many different types of unemployment that they require very different remedies." Other witnesses advanced special ideas. Reginald Jones, chairman of General Electric Co., commented that tax incentives to industry would go a long way toward cutting unemployment by encouraging businessmen to invest in job-creating expansion. Said Economist Robert Eisner of Northwestern University: "If you want to create more jobs, cut the payroll tax"-i.e., the Social Security tax. Since an employer pays part of the tax as a fixed percentage of each worker's wage, a reduction would allow...
...proportion of dependent inactive people. Remittances by migrants from their wages do not contribute substantially to reducing the balance of trade deficits of their home countries: these deficits rise at the same rate as do wages. And when migrant workers return with funds accumulated abroad, they tend to invest them unproductively, in small businesses that fail and in consumer goods that the country can ill afford. Most importantly, however, migratory labor relieves western European capital of any need to invest in the economies of underdeveloped countries by enabling it to attract the cream of their labor force to work...
...Savings and loan associations, now largely limited to making mortgage and construction loans, could make all types of consumer loans, invest in corporate bonds and other types of debt securities, and offer trust services...