Word: ownership
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Dates: during 1970-1979
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...restrictions could have unwanted side effects; for instance, other nations might retaliate by impeding U.S. investments abroad. In any event, a number of such laws and regulations are already in force. The safeguards vary. Some restrict the amount of stock that can be held by foreigners. Ownership of large blocks of shares, of course, does not necessarily give the shareholder control of a corporation's operations. As a result, the law more often limits the degree of management control that aliens can exert in specific industries...
...laws, now only slightly more stringent than West Germany's, could grow tougher, whatever economic experts may recommend. Some legislators are sure to offer new restrictions this year. Meanwhile, a law enacted by Congress last year requires a new, comprehensive Government survey of foreign ownership in American enterprises. In response, the Treasury Department has ordered a study that may lead to further federal regulations. The Government could even try to use the hypothetical power of expropriation. Similar action was taken on trading-with-the-enemy grounds against some German companies during World War II. Nowadays, the Supreme Court would...
...cost problems, caused by the Deutsche Mark's relentless rise, by building an assembly plant in the U.S. The prospect of exporting jobs rather than cars angered two powerful factions on VW's 21-man supervisory board of directors: the members representing the government's 40% ownership of the company and the workers' representatives, who sit on the board under West Germany's system of Mitbestimmung (co-determination) in corporate management...
...girl's purchase underscored the fears of some Washington officials that legal gold will only draw funds from more socially worthwhile investments: to get up the $52.79, Carlenne cashed two U.S. savings bonds. As an object lesson in the personal hazards of gold ownership, there is the experience of New York's Conservative-Republican Senator James Buckley. A vigorous backer of legal gold on the Hill, Buckley triumphantly plunked down $480 to buy three wafers totaling 2½ oz. from a Manhattan dealer a few moments after it became legal to do so. At week...
...Khama, 53, a forceful advocate of both multiracial democracy (the population is about 98% black) and a mixed economy. Other black African regimes have leaped to 100% nationalization of foreign interests, but Sir Seretse has limited his government's share of Botswana's mineral income to part ownership of mining operations plus tax revenues. Plenty of profit and incentive remain for foreign investors, chiefly from the U.S. and neighboring South Africa...