Word: investments
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Dates: during 1970-1979
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Reserve has reacted angrily to the ruling and, as it has in the past, threatened to close the Silver Bay plant rather than invest in waste-disposal programs that it says could result in an operating loss of $2.3 million per year. Local residents still hope that a compromise can be reached; shutting down the plant would throw 3,200 employees out of work in an area where there are few other jobs. That prospect has already cast a pall over Silver Bay (pop. 3,500); nearly every family in town has at least one member working at the Reserve...
There is, in Kansas City, a precedent of sorts for Detroit's effort. Some 20 years ago, Joyce Hall, founder and chairman of Hallmark Cards Inc., decided to invest in what he called "the revitalization of the inner core" of his city. What he referred to was the 85 acres of used-car lots, warehouses and other derelict buildings that flanked his company's headquarters. Slowly, he bought the land-the money came from Hallmark, which produces 9.5 million greeting cards a day-and in 1967 he and his son Donald hired Architect Edward Larrabee Barnes to replan...
Your main objective this summer will be keeping cool, no easy task. Here too a car will come in handy. You could invest $15 in a pass to the pool at the Indoor Athletic Building, which is a good deal, but doesn't solve the all important beach problem. The best ones are up on routes 1A and 1B--Plumb Island, Salisbury Beach; Crane's Beach and dozens of others. Parking will cost you up to $3. If it's sailing you're after, you might do well to check out Community Boating, Inc. at the MDC Boathouse...
...claim that the growing independence of the global corporations from the American economy has reproduced in the U.S. many of the characteristics of underdeveloped countries, a process they term the "latin-americanization of the United States." Since the global corporations are no longer committed to the U.S. economy, they invest a larger portion of their capital in other countries, particularly in Western Europe, and draw an increasing proportion of their profits from foreign sales. Equally importantly, they have begun to remove blue-collar jobs from the U.S. into low-wage "export platform" countries like Taiwan and South Korea, where...
...Scientist father, who had earlier sold his son a one-third interest in George F. Getty Inc. for $1,000,000, showed his disapproval by willing Paul only $500,000 of his $10 million estate, leaving the rest to his wife. Undeterred, Paul used his own growing millions to invest in oil company stocks during the Depression, when they were bargains. Though he and his mother first quarrelled over his father's fortune and she kept a close hold on the money, she later relented and gave Paul control of the company...