Word: investments
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Dates: during 1970-1979
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Business has begun to invest in environmental preservation, and some firms have found profits in combatting pollution. Zurn Industries, the chief consultant for the Delaware River project, sold nearly $73 million worth of pollution-control equipment last year. Other firms have simply found it good policy to clean up after themselves. Kaiser Steel Corp. has spent $30 million on air-pollution control and $15 million on water-pollution control since it was established in 1942. Bethlehem Steel has earmarked 11% of its total capital expenditures for environmental control over the next five years...
Cornfeld always moves fast-critics might say too fast-but during 1969 he toppled his own expansion records. He launched two big new international investment companies, the go-go I.O.S. Venture Fund (assets: $170 million) and Investment Properties International, a real estate development concern that is starting a chain of luxury resort hotels in Jamaica, Mexico and Portugal. He spread into Australia, France and Sweden with "national" mutual funds -funds that invest some or all of their assets in local projects in order to overcome government reluctance to let their citizens send money abroad. Last week, in another precedent-breaking...
...simply faced with the hard fact that NASA cannot afford to continue to invest broadly in electronics research as we have in the past," said NASA administrator Thomas O. Paine...
...consider to be the world's most undervalued. Japan has tried various expedients to reduce its embarrassingly large holdings of foreign money and avoid a yen revaluation, which would raise Japanese export prices. For example, the government has increased the amount of foreign currency that Japanese firms can invest overseas without specific permission. So far, speculators have shown no tendency to buy yen in anticipation of a boost in its official value. But moneymen foresee a distinct possibility that speculation will soon begin...