Word: ownership
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Dates: during 1950-1959
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...announcement that he had approved U.S. participation in the International Finance Corp., an institution to be set up as a subsidiary of the World Bank (International Bank for Reconstruction and Development). IFC, brain child of the World Bank's President Eugene Black, will invest capital and share ownership in private ventures, mainly in underdeveloped lands, and thus also promote private investments which would not otherwise be made...
...Black's plan is to secure IFC's money with debentures, a cross between stocks and bonds which pay a fixed interest, fluctuate in value, represent ownership in the company but carry no voting rights. With this device, rarely used in international finance, IFC can avert the stigma of creeping socialism (it will have no voice in management) while realizing capital gains. Black expects most debentures to be convertible into common stock, so that IFC will find a ready market when it is ready to take its profits out of a smoothly running new business...
...plot revolves around a handsome wide-smiling, fatherly ex-general (Dean Jagger) whose ownership of a nice old white inn in Vermont (remember the inn in Holiday Inn?) is endangered by business conditions. Two of his former men (Bing Crosby and Danny Kaye), who since the war have made a big success in show business, come to his rescue. They throw a benefit at the inn, and call on all the old man's old soldiers to help out. Meanwhile, they are able to do a good turn for a sister act (Rosemary Cloonev and Vera-Ellen...
...increase of private ownership should be encouraged as "a stimulus to increased production of goods and services and a protection to personal freedom...
...restores the previous doctrine that insurance payable to named beneficiaries need not be included in the gross estate if the insured retains no incidents of ownership, and that premium payment is no longer considered an incident of ownership...