Word: ownership
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Dates: during 1970-1979
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Pinochet indicated that there might be restoration of U.S. corporations' ownership of mines and factories taken over by Allende's leftist government. An economic team, the general revealed, is studying "all possibilities," including turning back nationalized firms to their former owners. "We will try to offer the greatest margin of liberty," he promised, in determining just who gets what...
Even smaller rollers can buy shares in a real estate investment trust, which is essentially a mutual fund that invests in property loans or ownership. Under law, REITS can escape taxes by distributing 90% of their pretax earnings as dividends, so yields can be high. REITS have taken their lumps in the market recently, largely because interest yields on types of loans they do not make have surpassed the return they get on mortgage loans. But some brokers still see the better-managed REITS as solid investments for the future...
Once in office, Allende moved swiftly to change the economic face of the country. His Christian Democratic predecessor, Eduardo Frei, had already introduced agrarian reforms and pushed government participation in industry. But Allende inaugurated a far more sweeping program of government ownership and operation, beginning with total ownership of the giant copper operations, whose U.S. owners had been woefully slow in training Chileans for more important, better paying jobs. Cement, steel, electricity and telephones were also nationalized, along with both foreign and domestic banks. Labor unions were given control of new plants that went up in belts around Santiago, close...
...University could increase its revenue and maintain ownership by raising the rents. But it appears Harvard will retain firm control over the properties whatever choice it makes, because the divestiture plan includes a re-purchase agreement...
that Radcliffe retain ownership of its property and endowment...