Word: investments
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Dates: during 1990-1999
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Bush also defended his failure to disclose his financial dependence on Good when the Silverado board forgave $11 million worth of loans to the developer, who pleaded hardship. Bush said he saw no reason to mention that Good planned to invest $3 million in JNB after the vote, since the investment was only tentative...
...complacent and unimaginative, too ready to ask for government help, too provincial and isolated from world markets. There are signs of revitalization: industrial productivity is rising slightly; the quality of many products is improving. But we have a long way to go. Moreover, the government will have to invest in America's crumbling infrastructure. This has been done in the past, without damaging our free market...
Both of these assumptions are naive. The same economic conditions that caused companies to invest in South Africa will no longer exist--cheap labor, cheap startup costs. Therefore, if divestment continues, even a majority-led South African government will have its hands tied...
...fundamental problem with selective divestment is that it allows Harvard to continue to invest in companies that do business in South Africa. Selective divestment thus fails to stop Harvard from profiting from a system of institutionalized racism. Only by completely divesting will Harvard sever its links to apartheid in South Africa...
Milken had profitably discovered that S&Ls could use junk bonds in two ways: to borrow money for expansion and to invest money for a high rate of return. M.D.C.'s Mizel, hard pressed by the economic downturn in Denver and kept afloat by insider swaps with Silverado, met the junk-bond king in Manhattan and became Milken's enthusiastic client. So too did the influential Norman Brownstein, an M.D.C. board member and Mizel's attorney, who lobbied in Washington in favor of the use of junk bonds...