Word: investments
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Dates: during 1970-1979
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Landlords frequently argue that rent control leads to substandard housing. If rent control were only repealed, they say, landlords would have more money to invest in their buildings, and housing conditions would obviously improve...
...likely. A major reason is that lifting the controls will probably reduce the value of the dollar again in international markets, thus making U.S. goods and securities as much of a bargain for foreign investors as they were last year. Indeed, many bankers expect Arab governments to invest much of their swelling oil revenues...
...West Europe and Japan were in ruins. In order to ensure that these countries remained pro-U.S. and non-Communist, the Government gave them financial aid, while assuming much of the cost of their military establishments. As a result, Western Europe and Japan had the resources to invest in modern plants which produced goods at low cost. After 1958, this foreign competition invaded markets at home and abroad and the U.S. began spending more money abroad than it was receiving. This balance of payments became serious with the escalation of the Indochina War in 1965. Now tens of billions...
...currency and trade problems could be eased if oil-producing countries were to put much of their new wealth back into the economies of industrialized nations. Witteveen proposed that the Arabs invest in the IMF itself. The IMF could then lend the money to Western nations or to poorer countries, helping to set their payments balances in order. These complex issues will take months to work out. In the meantime, it appears that the float will become a semipermanent fixture in the international monetary system...
...juvenile, boring or simplistic. Psychiatrists, too, object to its superficiality. Many of them complain that it says too little about unconscious motivation and that it implies that a few hours of reading will substitute for years of psychotherapy. But generally it is regarded as a harmless way to invest $4.95. Says David Orlinsky, a University of Chicago psychologist: "It's cheaper than tranquilizers. Why shouldn't publishers as well as pharmaceutical houses make money...