Word: investments
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Dates: during 1990-1999
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Should the government sponsor controversial exhibits and shows? Has the American Repertory Theater helped or hindered undergraduate drama? Should the Harvard Art Musuems invest valuable resourses in modern art or focus on providing visual accompaniment to Fine Arts courses? Do Harvard students perform too many Shakespeare plays and not enough Broadway musicals? Do student performance groups get enough University support? We'd like your opinions...
...about vast, impersonal forces such as declining productivity and global competition. But real wages fell faster in the '80s than in the '70s, while productivity rose faster in the '80s. Besides, executive salaries have soared in the past 10 years, and it's the executives who decide whether to invest in junk bonds or modern equipment and technology. Theories of the global economy may explain a lot of things, but they don't make it any easier for a U.S. worker to live on Third World wages...
...threatened to close the money-losing daily unless Gannett settled for $2.5 million. Maynard then arranged for financing from the Freedom Forum, which was known as the Gannett Foundation until its leader, Neuharth, had a falling-out with his former employer earlier this year. Neuharth's foundation will invest $5 million in the paper for an option to buy a 20% stake. Gannett will receive a $2.5 million note payable in 1994, plus preferred stock...
...well. Most businessmen are also waiting to see whether the Emir will trump his consumer-debt order by similarly forgiving commercial loans. "Now we have Saad's idiotic statement about Saddam," says the Gulf Bank's Sultan. "Where is business confidence to come from? Who from the outside will invest here if our leaders are trembling? And what interest rates will we have to pay when the government borrows in the international markets if Kuwait is deemed a security risk? Nothing Saad could have said would have been dumber." What is now certain as well, admits Salem Abdulaziz al-Sabah...
...Britain, France, Germany, Italy, Japan and Canada, telling them the time had come for the "Soviet Union's organic incorporation into the world economy." He buttressed his letter with a 31-page document outlining areas of the Soviet economy in which the West was invited to invest. Even the German government, more eager than any of the others to offer Moscow solid support, agreed with Washington, Tokyo and London that Gorbachev's $ promises were too general. They focused on creating a "mixed economy" rather than a free market that could pull the U.S.S.R. out of its accelerating collapse...