Word: investments
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Dates: during 1970-1979
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...Letting people invest their own money, says Bush, will produce better long-term returns than keeping all Social Security revenues in the hands of the government. So he uses about half the Social Security surplus - roughly $1 trillion - to give young workers the right to divert some of their payroll taxes to private savings accounts. Workers could then invest this money in stocks and bonds...
...however, members of a united Europe might increase trade more with themselves than with the U.S., and a strong, viable ecu ultimately might rival the dollar as a real reserve currency. If that ever happens, Arab and other foreign governments might be tempted to sell dollars in order to invest in that odd new creature that has six parents...
...much of Harvard's endowment would be lost and what would be left to invest in, if Harvard withdrew support from any of the 6,000 banks and companies doing business with South Africa...
...than in Europe, where religion is allied with politics and the social convention. Here, it suppresses godless ideologies. Yet another side of American nature is pragmatic and utilitarian, desiring rational justification for any act. Jones's philosophy embodied this conflict and, in a sense, mastered it. He could invest himself with religious charisma by using the traditions of American fundamentalist theology: faith healing, apocalyptic exhortations, visions of the promised land. But he could also provide his followers with a forceful rationalization: his church was an instrument of social revolution. The follower was to prove his convictions the old way--tithe...
...released in the U.S. in the coming year. This week the A.F.O. is sponsoring a festival of Australian films, old and new, at New York's Lincoln Center. All this activity grew out of a remarkable government support program, which lets state agencies operate film commissions empowered to invest public money directly in private movie projects. A current government investment of around $10 million a year is the result of agitation by young people, mostly employed in television and unable in the 1960s to move on to feature film work because the small but active native industry had been virtually...