Word: ownership
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Dates: during 1960-1969
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...Thieu government last week introduced in the National Assembly a bill that would revolutionize land ownership in South Viet Nam, where the best acreage still is held by the rich and privileged few. According to the legislation, due to be enacted into law this month, South Viet Nam's 800,000 tenant farmers, at no cost to themselves, will be able to take full possession of the land they now till. The 40,000 landowners who hold more than 80% of South Viet Nam's cultivable riceland will, in effect, be bought out by the government...
Meeting that challenge will take more creativity and boldness than we have used. We should create opportunities for home ownership for low-income families, who can build up equity in apartments they occupy as purchasers rather than as tenants. We must shape the physical design and administrative procedures of public housing to make that possible. We should shift our thinking about management responsibilities to provide for cooperative management or even ownership of publicly-subsidized housing by tenants. We should be wiling to test new methods of producing techniques, scattered-site development, the "turnkey" method of housing built more quickly...
Second, the universities should adopt and announce publicly a policy, of no future acquisition of residential property in Cambridge. They should pledge maximum development of land now held in institutional ownership before other, nonresidential, land is acquired. Clearly, corporation with endowments in the hundreds of millions of dollars do not need Cambridge real estate as part of their investment portfolio. They should be prepared to accept the costs of maintaining rents at moderate levels, in housing units they have already acquired for future development, as a cost of doing business...
...Latin America lately. Peru expropriated the U.S.-owned International Petroleum Co., Mexico forced subsidiaries of U.S. mining companies to admit local partners, and 21 Latin American governments complained to President Nixon that U.S. business repatriates more in profits from their continent than it invests. Now Chileans are demanding majority ownership and a larger share of the profits from their huge copper industry, which is dominated by two U.S. companies-Anaconda and Kennecott. Chilean mines produced 741,000 tons of copper last year, about a sixth of the non-Communist world's total. Last week Anaconda Co., the world...
...moderate platform that promised to "Chileanize" the country's copper industry, then largely U.S.-owned, and double production to move it from third place to first place in the non-Communist world. His government offered tax cuts in return for production increases and a share of the ownership. Kennecott in 1967 sold Chile 51% of its El Teniente mine and promised a large expansion of operations by 1971. Chile paid the company $80 million and cut its taxes in half-down to 44% of revenues. Chile also obtained a 30% interest in a company that Cerro Corp. formed...