Word: kendrick
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Since capital is the product of deferred consumption, the way to make more of it is to increase savings. The U.S. by far leads the world in total savings and capital formation. Economist John W. Kendrick of George Washington University has calculated that Americans have accumulated financial assets of $2.4 trillion, mostly in bonds, stocks, savings accounts, pension funds and life insurance. Last year the U.S. added $129 billion to its stock of capital in the private sector of the economy. The greatest source was not people but businesses, which added $90 billion, primarily through reinvested earnings and depreciation allowances...
...Kendrick and the Swans...
...other hand, there is Dan Orlovsky, who was All-Chicago and trailed only Beller with a 10.6 freshman average, even though he was a second and sometimes third-stringer. Orlovsky and fellow guard Mike Aron quit the team this year after wasting a season on Wilson's bench. Carl Kendrick, third high scorer, forsook basketball after freshman year, and Steve Handler transfered to Michigan, where he is on the squad...
...Kendrick R. Wilson Jr., Chairman, Avco Corp...
...VIRGINIA KENDRICK Palos Verdes, Calif...