Word: investment
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Dates: during 1970-1979
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...incredibly complex 17-party coalition government until January, when a controversy regarding the price of rice forced him to dissolve Parliament. During the ten months he was in power, he concentrated on building up the long-neglected countryside by increasing rice and sugar price supports, requiring banks to invest in local agrarian projects and pumping $300 million in direct grants into rural subdistricts. Looking toward the elections next month, he hopes to gain enough new seats for his Social Action Party so that he will be able to create a stable and effective governing coalition...
...other so-called glamor issues-paid little in dividends, yet held out the promise of higher profits and prices in the future. Now the high flyers' wings have been clipped and such laws as the Pension Reform Act of 1974 mandate a new prudence among managers who invest other people's money. Dozens of "index fund" managers now buy high-dividend stocks and merely try to match or slightly exceed increases in such popular price indexes as Dow Jones and Standard & Poor...
...colonial economies, it is most profitable for private industry to invest in production of raw materials and agricultural products. Manufacturing requires heavy initial investment with less of a profit margin. Therefore, most transnational corporations invest only in primary goods production in most African countries, leaving the countries vulnerable to economic instability as prices fluctuate. To break this pattern of uneven development, the government must intervene...
Kobrin calls his New West a "feature newsmagazine," but few newsy features were evident in the 14-page preview issue; the cover story, a freelance profile of John Wayne, was originally written and published three years ago. An investment group claims to be prepared to invest $500,000 in the project-but Kobrin has yet to begin a subscription drive...
REAGAN TWISTS and turns like a rattlesnake. When his invest-Social-Security-Trust-funds-in-the-stock-market concept didn't go over too well, he said he had only cited an expert's opinion. At a press conference on television two weeks ago Reagan was asked a specific question about a particular item on his list of $90 billion cuts in the federal budget. Again he said that these were expert economists who drew up this list and he had consulted with them and everything, but, uh, he wasn't quite aware of that particular item because, uh, these...