Word: profitably
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Dates: during 1970-1979
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After Britain, the U.S. is the largest investor in South Africa. In 1974, U.S. investments in South Africa totalled $1457 million, up from $692 million in 1969. The rate of profit on these investments was over 18 per cent, officially--and probably far higher in fact, as the firms routinely understate profits so as to avoid paying taxes. More importantly, almost 80 per cent of U.S. investment in African manufacturing--which is generally regarded as key to development--is in South Africa. U.S. investors have helped South Africa develop important basic industry. In the rest of Africa, they concentrate...
...colonial economies, it is most profitable for private industry to invest in production of raw materials and agricultural products. Manufacturing requires heavy initial investment with less of a profit margin. Therefore, most transnational corporations invest only in primary goods production in most African countries, leaving the countries vulnerable to economic instability as prices fluctuate. To break this pattern of uneven development, the government must intervene...
Picture Window. Like Disney, Portman has turned his fantasies into profit. From one of his Atlanta office towers, he rules a series of enterprises. John Portman & Associates is an architectural firm that designs buildings and oversees their construction. Portman Properties acquires land for new projects and finds financing for them. Other smaller companies operate buildings-Portman owns an estimated $250 million worth in Atlanta, Los Angeles and San Francisco-and buy furnishings for them...
Does Portman's flamboyant touch guarantee a profit? One answer comes from the Peachtree Center Plaza Hotel. Though just opened, it has already been 40% booked through...
...reading period, did your academic tensions color your attitude toward your building, hallmates, and dorm events? Quad residents are spared that, because their classes and their homes are two very different sides of Harvard. They profit from the academic and extracurricular wealth of the Yard area, then come home to an intimate community whe)re a strong dorm life complements a strong house life. It's hard to sell abstractions like friendship and group spirit in an ad, so let me list a few of the by-products; newspaper subscriptimn costs shared dormwide, open doors, an unusually strong tradition...