Word: investments
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Dates: during 1980-1989
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...many Congressmen, particularly those from dairy states, are furious. Republican Senator Robert Kasten of Wisconsin has introduced two bills that would deny tax privileges and other benefits to foreign firms that invest in U.S. agriculture. Says Kasten: "Right now we've got two federal policies that are on a collision course...
Finally, even SASC's purely moral arguments for divestment are often weak and inconsistent. The activists push it on the premise that it is intrinsically immoral for Harvard to invest in a nation whose regime is based upon so fundamentally wrong a premise as that of South Africa. That may very well be so. Yet, when asked why they do not also favor and agitate for divestment from other despicable regimes--the Soviet Union, Chile, etc.--the typical response is that divestment from South Africa is more attainable and holds out greater prospect for change than divestment from other regimes...
...only in-house management firms for a university. Other universities find that hiring outside money managers and paying them a percentage of assets each year is more cost effective than setting up an in-house operation, but Harvard allocated almost $10 million last year to pay managers to invest its own money. And as the University's money traders push the endowment past $3.5 billion, HMC is making a name for itself in investment banking circles...
With the help of Wall Street research, 15 HMC analysts decide how to invest Harvard's billions. Corporate histories, product break-downs, and earning estimates compiled by investment brokers plus 10 calls a day link the analysts to the researchers...
...different. My ballot packet is larger than usual and filled with alarms. Three candidates have been nominated by petition, circumventing the AlumniAssociation. These candidates are running, according to the cover letters in the packet, for the sole purpose of bringing up the University's policy of continuing to invest in firms doing business in South Africa. The ballot packet's cover letter draws my attention to this disturbing fact, and the packet thoughtfully includes a one page description of the University's current policy on South African investments. The packet also includes a letter from Joan T. Bok urging...