Word: reinvests
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...Mere Gesture. First American Israel's birth auspiciously coincides with the due date of the first Bonds for Israel issue, and its backers hope that American bondholders will reinvest their earnings in the new fund. If they do, it should no longer be a mere gesture of charity. After a tough currency devaluation last year, Israel is increasing its gross national product 10% a year, has record foreign reserves of $640 million and a stock market on which the value of shares has risen twelve times in three years. Insists an Israeli investment counselor: "Israel is not merely...
...sorts, was described by Leon Keyserling as "a pigmy sent out to do a giant's job." The economist explained to the Joint Economic Committee that the Kennedy tax program assumes that awarding rebates to those in the upper-brackets will provide the financial and psychological impetus to reinvest. But the program rests on a hope, and the hope itself entails certain assumptions about the risk-taking mentality of the prevailing industrial leadership...
...missionary. He came to serve. My grandmother came as a schoolteacher. She came to serve. My father filled in 5,000 acres of the harbor, 5,000 acres that have given all of you people and your families places to work, things to do. I want to reinvest some of the privileges, some of the advantages that we have had. I want to build and I want to serve. I have a tradition-a family tradition-to uphold...
...still trying to collect, was noncommittal. But Goulart's decree last week should do something to ease I.T. & T.'s pain. The government promises a down payment of 10%, with the rest to be repaid on a long-term basis provided the company agrees to reinvest at least 75% of the total in Brazil...
...plants and machinery much faster than in the U.S., capital spending now averages 10% of gross national product. In the U.S., the share has dwindled in the past five years from 8.3% to 6.6%, well below the 15% of G.N.P. that some economists figure the nation must reinvest if it hopes to compete effectively in world markets...