Word: investments
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Dates: during 1980-1989
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Gold has won some important converts to his brazen idea. The Swedish government, with support from the U.S. Gas Research Institute, is expected to invest $14 million to bore 15,000 ft. into the granite bedrock of Lake Siljan in central Sweden, in the hope of finding vast stores of natural gas. Reason: the lake was formed when a meteor slammed to the earth 360 million years ago, possibly fracturing the bedrock and allowing gas to percolate upward. Says William Staats, director of basic research at the Gas Research Institute in Chicago: "We believe that there is enough at stake...
...deal with MCI, IBM agreed to turn over Satellite Business Systems to MCI. In exchange, the computer company got 45 million MCI shares, or 16% of the total outstanding, along with the rights to buy another 7 million. IBM promised to invest an additional $400 million in MCI during the next three years...
...savers. Since their goals are to expand their businesses and provide their children with the education they will need to move up in U.S. society, the new entrepreneurs tend to live frugally. Instead of spending their earnings on flashy cars and other items, the immigrants use their income to invest in the future...
Among the real estate wheeler-dealers, the Chinese tend to invest in housing, the Koreans in commercial property. Indeed, just as the turn-of-the-century immigrants clustered in certain kinds of business -- the Irish in politics and policing, Jews in the textile industry -- each new national group has its common calling. The division of labor establishes new, fairly benign stereotypes. Africans, mostly young men, sell sunglasses, umbrellas and baubles from blankets spread on Manhattan sidewalks. Albanians own apartment buildings. Greeks set up coffee shops, the walls invariably decorated with murals of the Parthenon. Koreans, it seems, suddenly own every...
Should they prevail, adherents would still have a problem. The formula for MDMA is available to anyone and cannot be repatented. Without the assurance of profits from exclusive production, no pharmaceutical company is likely to invest the millions of dollars it takes to test any drug for Government approval. Notes San Francisco Psychiatrist Jack Downing: "MDMA is an orphan that has nobody bidding to be its parent...