Word: investments
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Dates: during 1980-1989
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...dogmatism, they have turned the South into a police state. They have even abolished the old National Liberation Front, which they had long billed as the voice of the people in revolutionary South Viet Nam. Though they run one of the poorest nations in the world, the Vietnamese invest their best brains and creativity in the military: they have occupied Cambodia and Laos, resuming a campaign of expansionism that was interrupted more than a century ago when the French arrived to colonize Indochina. It is ironic that the Vietnamese, so often sentimentalized by the American Left as a simple...
Says Bishop Desmond Tutu, the winner of the 1984 Nobel Peace Prize. "Those who invest in South Africa should not think they are doing us a favor; they are here for what they get out of our cheap and abundant labor and they should know that they are buttressing one of the world's most vicious systems...
...finally, we report the facts of Harvard's complicity with this system: a cool $565 million invested in companies operating in the apartheid state. While claiming the total divestment would be over reacting, the University paradoxically refuses to invest in companies that do a majority of their business in South Africa, on the grounds that these companies profit from apartheid...
Dozens of states, cities, unions, and churches have divested their monies from South African holdings. This group includes Connecticut, Massachusetts, Boston, Maryland, New York, the United Auto Workers, Ohio University, Michigan State, Wesleyan the University of Massachusetts, and the Harvard Law Review. Taking a stand against Harvard's investment assumes primary importance now because it is only President Bok's personal campaign against divestment which has conferred any legitimacy at all on the untenable and fading proposition that universities should not care where these invest...
...activities necessary to correct the structural problems in the economy. Simply paying interest on the debt in the post-Reagan era will take at least $200 billion a year. Moreover, all ever increasing share of this money will go to foreign creditors who are very unlikely to invest it in our economy Today's college students may be hit with a two fisted punch-paying taxes to pay interest abroad and fewer jobs and lead investment at home. If the high interest rates do not cut investment at home, the interest paid abroad will. In the meantime, while Reagan...