Word: investments
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Dates: during 1990-1999
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These problems involve the management of public goods and everyone benefits from a successful resolution. Unfortunately, few are willing to bear the cost of resolving the problems. Countries will not undertake the necessary reforms to mitigate global warming, curb population growth, implement legal frameworks that protect human rights or invest in universal vaccination programs to halt the spread of disease because the individual country would bear the cost of the reform without exclusively benefiting from the outcome...
...high school. Had out-of-town visitors driven to that meeting by way of Elm Street, with its lovingly restored Victorian homes valued at as much as $700,000, they might have assumed that the board's major task this evening was figuring out how best to invest all those tax revenues that must roll in from such a prosperous community. They would be wrong...
...detailed version of his plan to use the $760 billion Social Security surplus to pay down the national debt, then use the money from reduced interest payments to restock the retirement fund. And to get Republians to play ball, Clinton's dropping his push to have the government invest 15 percent of the fund in the stock market. That's not much of a concession; Alan Greenspan's gentle but firm rejection of the Clinton plan this spring drew a lot of water, and the little-government GOP was never going to go for a plan that would result...
...People like to invest early in the history of something," she says. "They like to help build institutions...
Maybe you're thinking, Yes, but this wouldn't be true if the trust fund could be invested in private securities, as many experts and securities dealers have suggested. Well, you're wrong. Even if the government ran a $150 billion non-Social Security deficit, the trust fund would still have $150 billion to invest. Every dollar the trust fund invests in private-capital markets is an extra dollar the government must turn around and borrow from these same markets, and the non-Social Security deficit has no effect on this melancholy equation...