Word: investments
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Dates: during 1970-1979
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Business leaders also complain that for social and political reasons it has become too difficult to fire redundant workers. One result is that companies with diminishing production cannot cut their costs; their profits fall, and they must borrow money, not to invest in new techniques and equipment but merely to keep the factories turning. "If a small-or medium-size enterprise runs into temporary cash problems," says De Bodinat, "chances are it will go bankrupt. But a big, dying industry can generally count on government subsidies. This is the opposite of survival of the fittest. It is maintaining dinosaurs while...
...heroes of this rural drama are the "big and efficient farmers" who "are giving the nation a lesson in Adam Smith economics." They calculate and compute and invest to pile up ever more profits like "Smith said capitalists should." Time fails to note that most farmers could make more money by stashing their assets in a bank vault and living off the interest. According to Time, the results of free market competition have been innovation, growing production and "reasonable costs to consumers...
...with both U.S. government and business officials; there's a lot of buck passing. The administration, I would guess, is nervous that the Republican Party would be able to gain politically by arguing that the federal government is hamstringing private enterprise by telling companies where they can and cannot invest. So the administration would rather the move came from the corporations. The corporations keep saying that they're not going to write foreign policy, and that the move should come from the administration. The corporations don't mean that, of course, because they'd squeal like hell if the government...
Former South African newspaper editor Donald Woods yesterday told an audience of 40 freshmen that if Harvard is so immoral as to invest in South Africa it may as well try to "get a better financial return out of brothels and drugs...
...broke his truce between surrealism and abstraction. Preoccupied with "tragic and timeless" subject matter, Rothko wanted to invest the entire surface of the painting with a sense of awe, a ritualistic presence; and in groping toward this he produced some of the least satisfactory paintings of his career?vague, disconnected blots and blurs, pretty as begonias, but otherwise unremarkable. But gradually the patches coalesced, the structure firmed. His breakthrough came in 1949, with a painting named Violet, Black, Orange, Yellow on White and Red, which created the formula he would explore (with variations) for the last 20 years...