Word: marketeers
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Dates: during 1970-1979
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...buyer's market as colleges scramble to fill spaces
...being reduced to using hard-sell tactics to fill their classes. By 1985 the high school age group will have dwindled by an estimated 15% to 30%, and the downtrend is likely to continue at least until 1990. Predicted one admissions officer: "It will become a buyer's market...
...from Britain and Arab countries, is swirling through Wall Street. Corporate securities held by foreigners as portfolio investments have grown from $34.9 billion in 1974 to $57.7 billion last year. In recent weeks foreign buying has become a major force behind the dramatic rise in the U.S. stock market. Overseas investors also hold an estimated $7.6 billion in U.S. Treasury bills and notes, more than four times as much as in 1974. By making the investments, foreigners are helping to finance the nation's excessive deficit spending, thereby eliminating the need for the Government to borrow the money domestically...
...community does not feel the impact. In Bade County, Fla., a consortium led by Canada's Markborough Properties is spending $1 billion on an 18-year project to build an entire town, Villages of Homestead, that will add more than 14,000 homes to the tight south Florida market and provide 4,000 jobs. On South Carolina's Kiawah Island, the Kuwait Investment Co. is building a $500 million resort community. In New Orleans' old Vieux Carre district, an Iranian investment foundation is helping finance the development of a 23-acre complex of offices, apartments...
Hungry for job-creating investments from abroad, 20 state governments have set up promotion offices around Europe. Several offer longterm, low-interest loans. The states also pitch job training programs, corporate tax deferment plans that stretch out for years and, of course, the lure of the vast American market, which is bigger and faster growing than all of the Common Market. Business people are also impressed by lower labor costs in the U.S. than in many European countries. In West Germany, for instance, wage costs are about the same as in the U.S., but employer contributions to pension, health...