Word: marketeers
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Dates: during 1970-1979
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...firm operating in more than one country will not deliberately choose unnecessarily costly locations to build its products. To do so would mean losing profits that could be made by manufacturing products at more efficient locations. In the intensely competitive worldwide market in which GM operates, such a patently inefficient procedure would probably make it impossible for GM to make any overseas sales at all. As you recognize, moreover, multinationals "benefit the U.S. because much of their profit is returned home in the form of retained earnings." In 1977 GM's total international transactions resulted in a net inflow...
...Federal Reserve to control money supply would be to feed a predetermined quantity of reserves into the banking system, turn a deaf ear to pleas that it shovel in more, no matter how intense the demand for loans becomes, and let interest rates go wherever the market takes them. The board has traditionally resisted that approach out of fear that an abrupt crackdown in an inflationary economy would cause interest rates to leap up so violently as to produce financial chaos. Miller has said that if the board had tried that strategy in 1974 the prime rate would have
Question One reached the Massachusetts ballot because of the State Supreme Court's 1974 decision in the Subdury case, which called for property tax assessment at 100 percent of its market value. The victory of Question One means that property will be taxed at different rates for different uses: residential, commercial, industrial or open space...
...this rate," Schuleter said, "the market consisting of the entire population of the U.S. will be saturated after 31 cycles." The letter must go through 12 cycles before a buyer wins any money...
...serious danger, and 100 per cent valuation is what Massachusetts will get if they defeat Question One. That's because a 1974 Supreme Court decision ordered cities and towns to conform to the law and bring their assessment up-to-date so everyone is taxed at full market?--100 per cent--of the value of their property. If Question One is defeated, that court decision will be implemented and $265 million in taxes will be shifted from commercial to residential property. In other words, a windfall for business and a serious blow to the already-strapped homeowner...