Word: investor
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Dates: during 1960-1969
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...both the London and Paris Rothschilds and West Germany's Deutsche Bank and Dresdner Bank-formed a Luxembourg-based company called Pipeline Finance to raise as much as $1 billion over the next eight years to bring the new fuel to European households and industry. For the small investor, a consortium of British, Dutch, German and Belgian banks has just created an open-end mutual fund, Intergas, that offers participation in the oil, equipment, transport and construction companies that are already starting to profit from the gas boom...
...sign of the investment mood was that the short interest as of mid-July hit an all-time high of 7.2 million shares. When an investor goes short, he borrows stock and sells it, figuring that it will drop and he can later buy it at a lower price. A large amount of short selling suggests that investors are bearish; but for the longer term, it serves to support and lift the market because the short sellers eventually have to buy stock to cover what they borrowed...
...Israel, at the triennial convention of B'nai B'rith, retiring President Label Katz, a New Orleans real estate investor, berated Judaism's contemporary prophets of doom for their hand-wring ing anxiety. The danger of assimilation "persists and grows," he acknowledged, but "it is also profoundly true that Jew ish peoplehood persists and grows. Jew ish life somehow thrives on its own para doxes." Since Judaism is predicated on man's right to be free, said Katz, "I can not concede - no matter what sets of statistics or failures or problems are set before...
...mainly illustrates Old Testament themes, and spans art history from the quattrocento to Vasarely's op. Where the Bezalel triumphs is its Judaica: intricate wooden doors from Cairo's medieval synagogue of Maimonides and an entire blue-and-gold baroque synagogue from Italy, donated by New York Investor Jakob Michael...
More Stability. The investment climate has become friendlier since it reached a low in 1962, when foreign investors took more capital out of Latin America than they put in. New U.S. investment rose from $64 million in 1963 to $175 million in the first nine months of last year, and is still climbing. The chief reason for the rise is an improvement in Latin America's political posture. Castro's influence has waned, and so have fears of Communist takeovers. More governments are moving toward stability. A rise in commodity prices last year helped commodity-dependent Latin American...