Word: investments
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Dates: during 1980-1989
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...think I would make two points here. First, you're looking at a very volatile oil market. Some people characterize it as a peak-and-valleys syndrome. It's very difficult to expect the private sector to invest large amounts of capital banking on a specific oil price, to insure the profitability of that investment. Therefore, during this period it is highly likely that private investment and alternatives and options for the future will decline. I think that this puts a burden on government to try to enter the breach...
...second point is that if government wants to minimize the risks that it takes, it should invest in a portfolio of alternative energy so that if oil prices don't meet their expectations, or it's very hard to peg the investment to a certain oil price, we have a number of options to choose from. It also makes sense from a technological point of view, because our ability to get the price down on some of these things will differ from one option to another, and it's very hard to tell which of those we will be able...
...reason to cheer. The number of union production workers employed by Firestone at the factory had dwindled from a peak of 850 in early 1980 to 260. Bridgestone intends to keep on all current employees and recall 170 laid-off workers, probably by next week. The company will invest $35 million over the next five years to retool the factory with efficient new equipment and perhaps quadruple the current tire output...
...Bent, who put up nothing, was paid a salary of $11, 000 in 1971 but got no pay at all in 1972. (Those were the hot dog years.) Looking for shareholders for the fund, the pair got in touch with 125 brokerage firms, insurers and other prospects. None would invest. "We were exhausted financially and emotionally," recalls Bent. Salvation arrived on Jan. 7, 1973, in the form of a New York Times article on Reserve. The publicity boosted its assets from $400,000 to $ 1 .9 million in less than a month...
...investor in municipal bonds, it was long thought, also had to own a winter home in Palm Beach and play polo in his spare time. Only the very rich, the reasoning went, would invest their money at low rates in order to receive tax-free interest. However, as inflation has pushed more and more middle-class Americans into higher tax brackets, there has been a growing curiosity about these complex securities. Bond Salesman James Lebenthal has spent ten years trying to raise the public consciousness about municipal bonds, and has gone about the task in an unorthodox way. Instead...