Word: investments
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Dates: during 1970-1979
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...economic system are a number of disincentives to preservation...the tax structure tends to favor new and bigger buildings. Building codes are geared to new construction. And lenders do not consider old buildings good risks." But there follows merely a series of arguments to persuade developers and lenders to invest in old buildings. Disappointingly, the authors don't seize the opportunity to suggest new legislation, nor do they sufficiently analyze ways a community could keep its minor landmarks from the hands of big business...
...considerable progress in the area of tax reform. Under President Ford's direction, Congress recently passed an extensive tax reform bill that has eliminated numerous loopholes and inequities of pas tax legislation. At the same time, the Ford administration has judiciously encouraged corporate tax deducations in order to encourage investment and attendant generation of jobs in the private sector. With considerable vision, Ford has bucked the big-spending Democratic Congress in favor of fiscal responsibility. Through veto after veto he has condemned deficit spending and debasement of the currency as sure to destroy incentives to save, to invest...
...Commerce Department reported that new orders for nondefense capital goods-machine tools, generators and other heavy equipment-fell by 11.7% in August. Meaning: industry does not yet have confidence enough in the recovery to invest heavily in such goods. On the other hand, housing starts, which economists regard as a key barometer of economic activity, rose 11% in August, to an annual rate of 1.5 million. That is the highest level since last February...
Princeton and the Ford Foundation, which have traditionally performed very well, invest only 20 per cent in bonds, Putnam said. Harvard, by investing 40 per cent, took advantage of both the good bond market this past fiscal year and the security that the safer fixed income securities offer...
Around him stood the dwindling fraternity of Republican people who own, manage, invest, invent and risk. They each have their short stories of work, struggle and success. They also have a single-minded belief in American opportunity that they claim most people can seize if they will...