Word: projection
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Dates: during 1970-1979
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Jose Luis Sert, dean of the Graduate School of Design during the 1960s, was the principal architect for the project. The building was completed...
...public payroll, over-generous union contracts, and high taxes on businesses were all good-hearted policies, but in the long run, they drained the city of its resources. "Whether money is spent, becomes more important than how money is spent." (italics in original) Auletta says the South Bronx renewal project typifies the preoccupation with doing the charitable thing, rather than what makes sense. The federal government has offered New York money to build housing in the desolate South Bronx and the city took it, "forgetting that the amount of money Carter offered is inadequate to the task, that there...
...resolution particularly worth noting asks Mobil to recognize black trade unions. The resolution is sponsored by a group of Cornell students called the Corportate Responsibility Project, which studies its University's investment practices and buys stock in specific companies so it can introduce shareholder resolutions. Cornell's student trustees serve on the project, as well as undergraduates and law students. The money to purchase stocks comes partly from student fees...
...investment and led to extreme uncertainty, so that business decision makers have no confidence that an investment today of $1-or $1 billion-will pay off in the future. In a highly inflationary economy, managers have no sound means of estimating the real cost of a long-term project, no way of knowing whether profits will cover that cost. So they delay or abandon investment projects that seem marginal or chancy. Instead, they put the company money into a smaller number of investments that seem to be sure winners-or into buying out existing companies rather than opening new branches...
Reggie Jackson, 32, outfielder, New York Yankees. The baseball millionaire chooses to invest in "tangibles," including a Volkswagen dealership in Canoga Park, Calif., a condominium project in Reno, a twin-engine Beechcraft plane, and five antique cars. Jackson advises friends: "Start building a cash reserve. And then buy things, things you can touch...