Word: investments
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Dates: during 1970-1979
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...northern settlements Israel's pioneers were encouraged to invest their own money. One who did was Eliezer Shmuel, 31. He fought in Sinai with the army during the 1973 October War and returned to invest $17,000 in a seaside restaurant. Now Shmuel hopes bravely that "the people who brought me here will take care of me." But in the barren, hard-baked south, between a range of sawtooth mountains and the clearwater, coral-reefed Gulf of Aqaba, the government retained ownership of the land. In Ofira (pop. 1,000), residents enjoy subsidized rents that average $40 a month...
...company can justify spending so much, the Government should allow several steelmakers to join in such projects. To stop the alarming erosion of America's capital base he contends, companies should be permitted to take their full depreciation allowances within one year-so long as they invest them all-instead of being obliged to stretch them over many years. Fast depreciation would cost the Treasury some tax revenues, but only for the first year. After that, tax collections would go up because profits would rise- and so would investments...
...Calif., last November, he was apprehended with $78,000 of the bank's cash, an unloaded gun, a fake bomb and three hostages. In court, Masover, who was valedictorian of his class in high school, relied on a bizarre defense: he had stolen the money, but only to invest it in colonies in outer space as a way for earthlings to escape pollution and overpopulation. Moreover, he planned to pay the money back in 20 years or so, making the heist a forced loan rather than a robbery...
...backed International Court of Justice opinion made it illegal for the corporations of U.N. member nations to operate in South Africa. This legal development evidently did not bother the financial wizards on Boston's Federal Street who invest Harvard's money. Harvard did not buy its millions in AMAX stock until after the international court had declared the firm's Namibian operations illegal...
...expects the new stringency to squeeze inflation down below 5% by late 1981. Consequently, interest rates will tumble. With inflation, taxes and interest rates all lower, business people will be able to invest in capital goods without demanding abnormally high rates of return to justify their outlays. Because those "hurdle rates" have been so steep, capital spending has been retarded for years. Just to stay competitive in the world, the U.S. needs to put 12% of its G.N.P. into such investment, but the figure has been 10% since the early 1970s. Result: America's plant is aging and outdated...