Word: investments
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Dates: during 1970-1979
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...took some courses at Yale Law School. He did well enough to be admitted to the law school and finished in the top third of his class in 1941. During his Yale days, he dated and almost married a Powers model named Phyllis Brown, who persuaded him to invest $1,000 in a modeling agency. Ford even modeled sportswear with Phyllis on the ski slopes in New England. But he soon severed relations with both model and agency. Nothing quite so frivolous has since intruded on his well-regulated life...
...rainfall Western states like Montana, the Dakotas, New Mexico and Wyoming, which have 25 billion tons of coal reserves. There, reclamation is difficult and sometimes impossible. Complicating the problem is the new demand for Western coal, whose low-sulfur content makes it highly attractive to industries that must otherwise invest in expensive antipollution equipment during the next few years to conform with the federal Clean...
...dancing, William Simon left the Middle East last week feeling justifiably tired but optimistic. The Treasury Secretary's hectic ten-day, four-country barnstorming had ended on the upbeat. Not only will Saudi Arabia take steps that could reduce world petroleum prices but that country will probably also invest much of its swelling surplus of petrodollars in U.S. Government securities...
...recycling" of the Saudi funds into special nonmarketable Treasury securities could greatly ease the strain on the U.S. balance of payments and decrease chances that a fast shuffle of oil dollars from one currency into another would provoke international monetary chaos, if the investments are not short-term. Crucial details, including how much the Saudis would invest and at what interest rates, remain to be worked out. But Old Bond Trader Simon was confident that as much as $5 billion to $10 billion might be involved. "I had no trouble selling them," he said. "They were already agreed in principle...
...week's end the Secretary flew off to his greatest challenge-persuading King Faisal to invest his excess oil dollars in U.S. Treasury securities. Simon expects Arab oil revenues this year to reach about $60 billion, two-thirds of which he anticipates will be kept in the Arab world, leaving about $20 billion free. In Jidda, the former Wall Street securities dealer launched an effort to sell the King on investing $10 billion of his surplus in U.S. Government notes that would pay about the same as Treasury bills. Even if the Saudis accept his proposal, the notes...