Word: moneys
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Dates: during 1980-1989
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Along with curbing energy use, companies can take a hard look at the amount of waste they generate. Increasingly stringent environmental regulations have made it ever more expensive to clean up smokestacks and reduce releases of toxic chemicals. Thus, limiting factory waste can save money while it helps preserve the surrounding environment. Since 1975, the 3M company has cut its waste discharges in half by redesigning equipment, streamlining manufacturing processes and selling or reusing materials that used to be discarded. By not having to deal with that waste, 3M has so far saved $300 million...
...house.) In the U.S., we need to invest relatively less on expanding our living space and more on retooling our factories. We need fewer real estate agents and more teachers, fewer mortgage brokers and more engineers. So if people get the notion they'll make more money investing in stocks and bonds than in homes -- good! To succeed long-term, we need to save a little more and consume a little less...
...which alone is reason to expect prices to be weak. The Resolution Trust Corp., set up to sell off the holdings of hundreds of failed S&Ls, is pledged to avoid triggering a price crash. Yet this is an arm of the same Government, after all, that actually lost money auctioning off confiscated drug loot...
Homes can still be a good investment -- much of my own money is in real estate, and so is much of the money of most of the successful stockbrokers I know (they sell stocks; they buy real estate). Even if there are fewer baby boomers entering the new-home market, the population continues to grow, and as it becomes wealthier, it will want more living space. So don't buy the new conventional wisdom unreservedly. But even in Los Angeles, where the whole point is to spend more than you can afford, rising values are no longer a given...
Rising home prices may not pay for Junior's education or Senior's retirement. Some real money may need to be set aside as well...