Word: investor
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Dates: during 1960-1969
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...forfeits income under the 220 program by failing to charge interest as soon as construction begins. At present, an investor does not pay interest until the final mortgage papers are signed. But the FHA frequently negotiates a mortgage several times because of unforeseen construction costs or fluctuations in the demand for apartments. Builders can take in their first profits before paying a penny in interest...
...prompted by an 18-month experiment in which 1,300 stocks were quoted at wholesale prices on a test basis. Not only did the dealers survive the experience, but other unlisted companies clamored to get in on the program, realizing that accurate over-the-counter quotations help broaden investor interest...
...situation invites land speculation. Harvard Square now beckons the shrewd investor because many areas near the Square are "under-used": there are now gas stations or small stores where there could be high rise commercial buildings. The presence of the Kennedy Library will add to the Square's natural attractiveness. The consequences could be disastrous: uncontrolled commercial development, with investors straining at zoning restrictions and constructing huge buildings to recoup their initial outlay...
Johnson's prescription would produce, but it did tranquilize that ineffable factor, investor psychology...
...Ivorian products. He was also casting about for increased U.S. capital investment in the Ivory Coast. From a U.S. viewpoint, the generous "tax holidays" the Ivory Coast is willing to grant in return for investments make the idea attractive. But there is an Ivorian benefit too: every new U.S. investor makes Houphouet-Boigny a little more independent of his French advisers...