Word: plants
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Dates: during 1980-1989
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...label from its owner, Church & Dwight of Princeton, N.J. But now Hammer is at least a minority Arm & Hammer proprietor, after Occidental gained a slice of ownership in Church & Dwight by a new joint venture. Under the scheme, Church & Dwight received a 50% share in a potassium-carbonate plant owned by Occidental in Muscle Shoals, Ala. In exchange, Hammer's company acquired 5% of Church & Dwight's common stock, worth about $13.3 million, plus $5.3 million in cash and a seat on the Princeton company's board...
...contracts are just one in a dizzying array of Deng's market-oriented economic reforms. In China's first bankruptcy auction last week, the government sold a factory in northeastern Liaoning province to a worker-owned unit of the Shenyang Gas Supply Co. The plant went out of business in August after Peking decided to stop propping up money-losing ventures. In another move, limited stock trading began in Shanghai in a test that could lead to the creation of China's first stock exchange since...
...some estimates, marijuana, with a potential street value of $2,000 a plant, is Oregon's largest cash crop. Yet polls show that the proposition is unlikely to pass. Legalizing pot, opponents argue, would make it harder to fight abuse of other drugs and would turn Oregon into America's largest distributor of the weed...
...lived in Paris than of those who did. China's Chou En-lai came in 1920, some 70 years after Karl Marx left Paris for London and eight years after a young Russian revolutionary named Vladimir Ilyich Lenin moved from Paris to Poland. While working at the Renault auto plant, Chou met a compatriot, Deng Xiaoping, China's present ruler, and together they founded a branch of the Chinese Communist youth organization. One of their contemporaries in Paris was Viet Nam's Ho Chi Minh...
...disagreed. "This was a bill that went astray," he said, because it will shift about $125 billion in taxes from households to businesses over five years. Feldstein was afraid that abolition of investment-tax credits, as mandated under the new legislation, would lead to reduced corporate spending on plant and equipment and research. At the same time, hikes in capital-gains taxation rates could cause cutbacks in the financing of new business ventures. By hurting investment, Feldstein warned, the tax-reform package might heighten the risk of recession in 1987. Tax reform, he said, "turned...