Word: ownership
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Dates: during 1970-1979
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...losses, and the losses are just as important as profits." In other words, companies that cannot make it in the marketplace should drop out. A nationalized industry usually becomes a political plaything, not subject to the pressures for efficiency or the need for a profit. In addition, the ownership of defense companies is already so diffuse (stock in the 100 largest contractors is held by some 31 million persons) that nationalization would cause a great public outcry...
According to its founders, the Tribe was organized last fall "to extend to the poor of our city knowledge of viable alternative social, political, and economic arrangements that will increase equity ownership...
...only one in which a majority of residents even confessed to living in a suburb.) Even so, in towns of this type-New Canaan, Conn., Winnetka, Ill., and Atherton, Calif.-less than half of the breadwinners work in large cities. The Affluent Bedroom communities are tops in income, home ownership, proportion of professionals and executives. They contain increasing numbers of wealthy retired individuals, and they are 98% white, 61% Protestant, 3% Jewish. They are Republican (62% for Nixon in 1968, 24% for Humphrey). Few in the Affluent Bedroom admit to feeling "really bored and stuck out here"; most believe that...
...already partly owned by the government. Last week, in a preliminary step toward that goal, a Senate committee gave approval to a constitutional amendment permitting the government takeover and giving Allende wide bargaining powers in compensating the three U.S. corporations (Anaconda, Kennecott and Cerro) who now hold part-ownership. The companies are claiming that they have invested over $ 1 billion in the mines; the government is unlikely to set the sum anywhere near that high. How Allende conducts these negotiations will determine the state of U.S.-Chilean relations for some time to come. Whatever the results, there is some doubt...
...British government decided to let shareholders appoint a receiver for Rolls. To its extreme embarrassment, the Tory government intends to introduce legislation this week that would nationalize all of Rolls except the auto and oil-engine divisions. Production of the cars will continue, though possibly under a change of ownership; Britain's Jensen Motors Ltd. is likely to bid to buy the profitable car division. A U.S. Cabinet member told TIME that the nationalized Rolls-Royce would continue building engines for Lockheed. But British officials declared emphatically that a state-run Rolls would make no more jet engines under...