Word: investments
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Dates: during 1980-1989
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...sale of the Herald saves Boston, the nation's tenth largest metropolitan area, from the dubious distinction of becoming the biggest city with just one major paper. Instead, the staid, august Globe faces the possibility of a no-holds-barred newspaper war. Murdoch has pledged to invest $15 million in the Herald American. Said a senior Herald editor: "This will cost the Globe millions. They will have to fight." Globe Publisher William O. Taylor, whose family has operated the paper for more than a century, canceled a trip to Seattle this week and said, "I will be right here...
...Putnam said "We're lending at the tax exempt rate, but we can invest our own money at the taxable rate...
...present high levels, estimated to be 12% to 14% of the G.N.P. What is left will have to be spread more thinly. Says Robert Legvold, an expert on East-West problems at the Council on Foreign Relations: "The Soviet Union simply does not have the resources to invest in all the necessary sectors. The leadership is going to have to make tough decisions on allocations of capital, raw materials and labor...
Gone are the heady days of the '60s and early '70s, when the average annual growth rate of 4.5% allowed the Soviets simultaneously to augment their arsenal, invest in new factories and improve living standards. Says Economics Professor Holland Hunter of Haverford College: "A very stern experiment in industrialization has been under way in the Soviet Union during the past half-century, and it has worked successfully. But this era has played itself...
...RECENT edition of Business Week, a 16-page advertising section full of glossy color photos and long-winded explanations tried to convince American companies to invest in South Africa. "Economy set to surge ahead," claimed the ads, which explained the country "is undergoing a process of adjustment and consolidation...