Word: investments
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Dates: during 1980-1989
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Even more cruelly ironic is the tax proposal of the Peterson plan. Peterson advises raising taxes only in a manner that would discourage consumption and encourage savings and investment. In the tradition of Reagan and his supplyside philosophies, this would shift the tax burden from the rich to the poor, assuming that the rich will invest it in ways that build the economy...
...three researchers will investigate the problem faced by foreign countries that wish to invest in the oil market. Since oil is always bought and sold in dollars, foreign countries must second-guess both exchange rate fluctuations and the oil market itself, Dominguez said...
...shut down 25 plants because of excess capacity in the auto industry. We said to ourselves, 'We're not going to face this again.' " That attitude is to be expected, says Fred Bergsten, director of the Institute for International Economics: "A reluctance to invest in new capacity is a natural reaction to years of meager profits...
...companies might want to take a cue from the Japanese, who invest in the future without being overly concerned about the impact of temporary recessions on short-term profits. They want to make sure they have enough capacity when demand surges. And with U.S. manufacturing in the midst of a renaissance, it is certainly no time for American managers to be timid...
Alumni active in the divestment movement criticized Harvard's policy of continued investment in companies doing business in South Africa. "It's particularly shameful for Harvard to invest in [Sullivan's] name for so many years, and then when he has the courage to change his views, [for Harvard] to say that he is wrong," said Dorothee E. Benz '87, executive director of Alumni Against Apartheid...