Word: investments
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Dates: during 1970-1979
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...tourist revenues and the remittances sent home by Greeks working abroad. The Papadopoulos government has persuaded Greeks to put the money to work within their own country, partly by dampening dissent-Greek businessmen need not fear strikes-and partly by promotional schemes, including a campaign to get Greeks to invest their savings in the local stock market. A building boom has followed, and tens of thousands of Greeks have begun returning from West Germany, Canada and the U.S. to cash in on the resulting labor shortage. While abroad, many of them also developed entrepreneurial and managerial skills. Even Greek restaurant...
...less freedom for the international movement of capital and goods. Foreign countries are erecting an elaborate network of controls to keep out unwanted dollars. Germany has announced an especially tough set of rules sharply restricting the ability of Germans to borrow money abroad and of foreign countries to invest in Germany. Though such controls are supposed to be temporary, there is a natural tendency to extend and tighten them with each monetary crisis. Former German Economics and Finance...
...hyped-up stock market of the late '60s, many credulous small investors were advised by their hard-selling brokers to invest in Four Seasons Nursing Centers of America Inc. By owning part of a fast-growing proprietor of homes for the ailing aged, they could profit from a healthy young industry -or so the tout went. For a while, anyone who bought that advice had the prospect of a very comfortable nest egg indeed. Offered at $11 a share in 1968, Four Seasons soared to $181 (counting for a split). Then, a spectacular fizzle. The price shriveled...
...basic problem is that responsibility is divided among numerous government bureaucracies, each of which can hold up changes for years. Italy hopes to invest $580 million in improvements, including a third runway to be completed next February. If all these are accomplished by 1974, the airport will theoretically be able to handle the 9,000,000 passengers who struggle their way through Fiumicino now, but by that time traffic is expected to reach 12 million a year...
Encouraged by this response, Warner Communications agreed to invest $1,000,000 to buy a 25% interest in the newly formed Ms. Magazine Corp. Steinem and three other full-time staffers began scouring the country for women journalists. The key acquisition was Patricia Carbine, then editor in chief at McCall's and before that an 18-year veteran of Look. "I was convinced that the moment was about right for a serious and focused magazine that would concentrate on the question of how to change a woman's life," Carbine says. "I wasn't really finished...