Word: reinvestment
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Dates: during 1970-1979
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Last week Chase Manhattan Chairman David Rockefeller warned that OPEC's wealth is rising so high that bankers may no longer be able to reinvest it, and he urged that international governmental agencies try to cope with the flood...
After the sale, Hampshire employed Standish, Ayer and Woods, an investment management firm, to reinvest its money. In summer 1978, the Committee at Hampshire on Investment Responsibility (CHOIR), set up after the demonstration to review all new investments, learned of the South African investments...
Louis Bakanowsky, chairman of the Visual and Environmental Studies (VES) department, cites dwindling resources as the primary weakness of the film studies branch at the Carpenter Center. Film students concur. They point out the limited 16mm equipment, remarking on its fragility and suggesting that the department reinvest in simpler 8mm machinery and videotape. Additionally, film students complain of professors who are overbearing, non-objective, self-important critics and not themselves film-makers. Real-life film-makers as part-time professors, some students say, would greatly improve the department...
...banks are providing. To get that high interest from any other bank deposit, a saver would have to tie up his funds for up to four years instead of six months. Since the buyer of certificates gets his money back a half year later, he can turn around and reinvest it in an even higher-interest certificate if Treasury bill rates continue to rise...
Friedrich Karl Flick sold most of his 40% holdings in Daimler because he figured that the oil crisis darkened the future for cars. Until the present moment, he has been able to reinvest only $300 million, leaving $700 million to go. He bought 12% of the shares of the U.S.'s W.R. Grace Co. (petrochemicals, real estate, restaurants) for $130 million, last month acquired control of West Germany's second largest insurance company for $100 million, and added $70 million to the capital of his conglomerate...