Word: ownership
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Dates: during 1970-1979
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...settlers of their land. The whites are an essential part of the country and therefore they must have some land as citizens. Only that land that is not fully utilized will be made available to other people. This arrangement would affect perhaps half of the white-controlled land. Private ownership is a foreign ideology. Our system is that the land is yours for as long as you work it, and the fruits of your labor belong to you. But you don't own it. It's the people's property...
...corporate customers) from 13.5%, already a record, to a new peak of 14.5%. Since quarter-point raises are the norm, the effect of the full-point boost in the prime was electric. Not only did it push the interest charged to margin investors up close to 16%, making stock ownership on borrowed money extremely expensive, but it had a sharp psychological effect on the market. That was quickly compounded when Chase Manhattan President Willard Butcher, told a New Orleans press conference that the money markets were in such turmoil that banks might soon wind up having to recalculate their prime...
Another new compensation wrinkle that more and more employers are adopting is the Tax Reduction Act Stock Ownership Plan, or TRASOP. Under a law passed by Congress in 1975, a company can get an extra tax credit of up to 1% of its investment in new plant and equipment if it distributes that tax saving to employees in the form of company stock. The value of TRASOP to employees is lessened by the fact that they get the shares only when they leave the company. While this and other new departures in pay are engaging enough, most earners would probably...
...lasting products was the constitution, written in 1917, that is still the country's basic charter. To prevent the rise of another Diaz-like strongman, it prohibits the re-election of most public officials, including the President. To protect the country's "patrimony" from foreign domination, it limits the ownership of land and natural resources to Mexican citizens. In the name of social progress, it promises free universal education and the restoration to the campesinos of the land that Diaz turned over to foreigners...
...would be sold in 45 shares, and no single client could own more than 10% of the firm. If successful, the restructuring would provide U.P.I. with as much as $4.5 million in new working capital. "The company must be divided," says Beaton. "We need a stronger base of ownership and a lot of capital. To broaden the base will guarantee the future...