Word: investments
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Dates: during 1970-1979
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...once, overly optimistic about the national scene, anticipating a 4 per cent rate of inflation over the long run. Harvard's costs are rising at a much more rapid rate. The committee is reconsidering how much of the endowment's income to spend yearly and how much to re-invest for future needs...
...spite of these appeals, the Harvard Corporation continues to invest in companies doing business in South Africa. And unless members of this community protest the Corporation's investment decisions, it will listen, as so often before, to the call of profits rather than conscience...
...people. But Carter has railed so vehemently against the "three-martini lunch" that his staff has to come up with something. Carter is also considering eliminating or restricting deductions for club dues, tickets to sports events and the cost of using corporate jets. Business would get new incentives to invest. The tax credit that corporations can take for expansion and modernization expenditures would be increased from 10% to 12% and applied to the costs of putting up industrial buildings as well as buying the machinery to fill them. Double taxation of corporate dividends would be reduced or eliminated. The favorite...
...Army Corps of Engineers thought that was enough of a possibility to invest $17,000 and two summers scouting a 300-mile stretch of the St. John River to see if the fearsome Furbish could be found elsewhere. Now the engineers have proudly announced the discovery of no fewer than five clumps of louseworts safely beyond the proposed dam site. What is more, they claim, the exotic flower can be cultivated elsewhere. Although the Dickey-Lincoln project, first authorized by Congress in 1965, still has other hurdles to clear before construction begins, the lousewort no longer appears...
This policy of inviting multinationals to invest is precisely the one advocated by western experts at the World Bank, the U.S. Agency for International Development, and the western-controlled International Monetary Fund. Aid to underdeveloped countries is often tied to policy recommendations, so that if Third World governments want to borrow capital for development, they must give multinational corporations free rein...