Word: investments
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Dates: during 1970-1979
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...Reject prestige projects. Instead of constructing huge sports stadiums, sprawling airports and sparkling conference halls, poor countries could invest in so-called bottleneck-breaking programs: transportation and communication infrastructures that spur efficient industrial and agricultural output...
...months of hearings, Estey turned up damaging evidence. Menard's $100,000 payment, for example, was explained as "seed money" for investment in a national chain of travel agencies. It had been disguised because both Air Canada's charter and international airline rules forbid the airline to invest in travel agencies; that could give it preferential treatment in ticketing passengers. Menard also was found to have given special "expense accounts" to Lebanese officials in an unsuccessful attempt to obtain landing rights for Air Canada in Beirut...
...amusement park--I thought we could use the streetcar tracks for some of the rides, and get teaching fellows and grad students to sell tickets, manage the concession stands, etc.--but Henry said we'd just get into more trouble with the unions. Henry thought maybe we could invest in a couple of fast-food franchises right there on Boylston St. He says that some colleges have made a lot of money on those (although from what I hear, it's just been state schools so far). He says we could get that granola group--you know, those kids...
Banks Agree. The municipal workers' unions were persuaded to contribute to the rescue from their pension funds. They agreed to invest $2.5 billion in city securities and to refinance $700 million in bonds issued by the Municipal Assistance Corp. and $450 million in city notes. The New York banks, too, were persuaded to cough up still more in assistance. By promising to balance the state budget, now in deficit by an amount estimated anywhere from $300 million to $700 million, Carey won agreement from the banks to refinance $550 million in city notes and $1.1 billion in MAC bonds...
...point where--combined with the wheezing and spluttering of old age--it obscured his lines. In a sense Epstein's commanding talent determined the production's orientation. As the only member of the cast who rose above the congenital American inability to speak Shakespeare, Epstein couldn't help but invest Shylock with a noble superiority of manner and a dominant position in the play...