Word: ownership
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Dates: during 1980-1989
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...Lauren's new flagship store succeeds, other big-name designers will want to follow his example. The reason: compared with selling through department stores and franchises, direct ownership gives a designer complete creative control of marketing, not to mention a far higher profit margin. Says Walter Loeb, who follows the retailing industry for Morgan Stanley, the investment firm: "Designers are not always happy with the way department stores select merchandise, picking some pieces but not the whole assortment. The designers feel that the stores don't fully appreciate their genius and wish they would pick a range that reflects their...
From the time of the ancient Greeks, philosophers, politicians and just plain folk have debated the best form of society and the proper role of the state in the lives of its people. For more than a century, advocates of collective ownership and strong government control of the economy have marched under the banner of socialism. Those who champion private property, individual initiative and the pursuit of profit are in the capitalist camp...
...concept of land ownership is foreign to both the Hopi and Navajo traditions (despite the tribes' vigorous assertions of territorial rights), a point little appreciated by successive white administrators. Left alone, the stronger Navajo, who now number about 170,000, would have prevailed over the Hopi, who now number about 10,000. Instead, the U.S. Government has struggled to mediate the dispute for more than a century but so far has only prolonged...
Therefore, unless the stock was bought in its initial public offering, the ownership of stock in a company has nothing to do with the finances of the company. Owning stock in a company which does business in South Africa is not the same as supplying that company with capital. The argument that "Harvard invests in apartheid" is unfounded if the stock in the portfolio was obtained in the secondary stock market. (Information on the extent to which this is the case would be enlightening...
Such cocktail-circuit horror stories were accompanied by panicky fears that the American dream of home ownership was becoming illusory. In fact, statistics show that by scraping and borrowing, most Baby Boom families eventually managed to buy at least a modest dwelling. In 1983 nearly half of all young families owned their homes, about the same proportion as a decade earlier. Many a down payment came from parents; Rutgers University Housing Economist George Sternlieb quips that Baby Boomers have popularized a new form of G.I. financing: "G.I. as in Good In-laws...