Word: rosee
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Dates: during 1980-1989
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...established an incentive system for peasants that allowed them, once they had turned over a share of their crops to the government, to sell the rest on the open market. Despite sniping from diehard Maoists, the innovations were a smashing success: the grain harvest, for example, rose from 320 million tons in 1980 to a record 400 million last year, and average peasant income more than doubled...
...mere talk of a takeover bid from Pickens can drive up a stock's price. Last month shares of Mobil jumped 1 5/8 points in a day on rumors that Pickens was interested in the company. The stock of Sun and Unocal also rose on takeover talk. Moreover, when Pickens went after such firms as Cities Service and Gulf, shareholders saw the value of their holdings increase sharply. Gulf stock jumped from $40 to $80 a share in a seven-month period...
...Israel's inflation passed 100%, and the public bought bank stocks as a hedge against rising consumer prices. The banks encouraged this speculation and helped keep the bank-stock values climbing by dipping more heavily into the market to buy their own shares. As a result, bank-stock prices rose faster than inflation...
...American Stock Exchange's star performer last year was New Jersey's Sterling Extruder, an equipment manufacturer. Riding the wave of capital spending in the U.S., its stock rose from 4 1/2 to 16 1/8. Flexible Computer of Dallas, which makes high-speed data processors, led the over-the-counter market by rising from...
Stock-market gamblers are not the only investors nursing wounds from 1984. The value of gold dropped 20%; silver was down 30%. Some antiques, however, kept their burnish. The price of Chinese ceramics rose 6%. One of the best investment bets in 1984 was bonds. The average return for high-quality, long- term corporate certificates, counting price appreciation and assuming that interest was reinvested...