Word: investors
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Dates: during 1970-1979
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American domination of South Vietnam, which continues now, is the outgrowth of these conditions. Major U.S. multinational investor-- particularly those associated with the Rockefeller-Chase Manhattan-Standard Oil circle-- have taken over or dominate regional trade associations, supra-national companies or allegedly neutral international development agencies which promote capitalist investment by resolving intra-capitalist conflicts, preparing feasability studies, and urging local ruling classes to provide incentives for investment...
...Businessmen have for some time been appalled by the bad management of the Nixon Administration, and the revelations of arm twisting applied to raise campaign funds from business. Wall Street, however, is fearful of the effect a lengthy impeachment proceeding would have on the stock market, which already reflects investor jitters. "I think in people's zealousness to get at Nixon, they have forgotten the real world," says Walter B. Wriston, chairman of the First National City Corp. "In the real world, there has to be someone to take Nixon's place. Right now, all we have...
...government in Seoul a bargain with Kim was highly desirable. The abduction incident caused tremendous indignation in Japan, where officials are convinced that the affair was carried out by the South Korean CIA in flagrant violation of Japanese sovereignty. Since Japan is its No. 1 investor, South Korea would like to get back in Tokyo's good graces and resume the all-important annual ministerial conference that was postponed as a result of Kim's disappearance. At week's end, however, it was still uncertain whether Seoul's action would have much effect in Japan. Justice...
Like the stock market, the land market operates largely on the "one more idiot" theory. According to this, an investor may know that he is paying far too much for land, but the purchase is justified because there will always be "one more idiot" to buy it from him at an even higher price...
Developers could not exert quite as much upward pressure on prices without the help of the tax structure, which enables them to operate on a grander scale than their resources would otherwise permit. An investor who buys or erects a building, for example, can write off depreciation on it at a much faster rate than the actual wear and tear on the property would justify. The write-offs shelter from taxes large amounts of the investor's income from other sources, and he can use this tax-free income to buy more land or put up more buildings...