Word: investors
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Dates: during 1970-1979
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...manager for a graphics firm. In 1972 he launched an embryo magazine company-initial assets: $650-and set out to drum up capital and subscribers. The venture collapsed when the Nixon economy took a tumble. Undaunted, Lopez geared up again in 1976 and raised $1.2 million from private investor groups and individuals to bring out Nuestro...
From the day that Real Estate Investor Michael Sparks took over the 468-unit Twelve Oaks apartment complex in the Chicago suburb of Arlington Heights, he knew what he wanted to do with it: get the children out and turn it into a singles development. At first he told tenants who have children that he would not renew their leases, but a 1909 Illinois statute was discovered prohibiting such a landlord action. Then Sparks decided to levy a $15-a-month head tax for each child in the buildings...
...across the border and could only be solved with American cooperation. The growing unemployment in Mexico had increased the number of illegal immigrants to the United States. This unemployment was not only a result of domestic mismanagement, but was also because the United States, Mexico's largest customer, foreign investor and creditor, had reduced these transactions since the recession began. The result: lower employment in Mexico and increased illegal crossing to the United States...
...greatly tightened. It applies to income of the rich that would otherwise escape through loopholes-the excluded half of capital gains, for instance. Cost to taxpayers: $900 million. The tax itself has been raised to 15% from 10% and applied to many more kinds of earnings. One example: an investor who last year lowered his taxes by writing off a share of an oil and gas venture's "intangible drilling costs" may now have to pay 15% on part of the formerly shielded income...
Management discontent and investor distrust came together over the New Year's weekend. Jarman's immediate subordinates, Chief Operations Officer Ralph Bowles and Chief Administrative Officer Larry Shelton, both board members, met with four outside directors -including two associated with institutions that have lent money to Genesco -at the Nashville home of Director David K. Wilson on Sunday night, Jan. 2. The six issued a call to the full board to meet in special session the next day at Genesco's Nashville headquarters. In a session that lasted more than ten hours, the board voted to strip...