Word: roundness
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Dates: during 1950-1959
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...quiet, young (43), round-faced Alberta oil millionaire last week became the largest single stockholder in Trans-Canada Pipe Lines Ltd., the vast and controversial enterprise that will bring Western gas to Eastern Canada. In Manhattan, Calgary Oilman Robert Arthur Brown Jr. bought the last of Tennessee Gas Transmission Co.'s Trans-Canada holdings, giving his fast-rising Home Oil Co. Ltd. a 12% holding in Trans-Canada (v. Texas Oilman Clint Murchison's 8%. and British American Oil's 5%). By buying out Tennessee at upwards of $25 a share, Bobby Brown replaced Tennessee...
Whether in informal lobby conversations, in round-table talks, or at conference sessions, business and government leaders discussed the opportunities, fears and responsibilities of free enterprise in advancing backward economies. By the very fact of their meeting they gave dynamic new impetus to capitalism and proved that the areas of agreement between the businessmen of the highly industrialized and the underdeveloped nations of the world are far greater than the more publicized disagreements. By the time they headed back across the world, they had generated new enthusiasm for the task of raising living standards everywhere, a task that often...
Recognizing that the inflation problem is not identical in every country. Dr. Weldon B. Gibson of Stanford Research Institute, conference codirector, pointed out in summing up round-table discussions: "In the highly industrialized areas the problem of wage increases running ahead of gains in productivity, together with other rigidities in the economic structure, places a heavy burden on classical financial measures for [controlling] inflationary pressures." Some conference delegates doubted that the classical anti-inflation remedies such as tight money will work in these countries. But "for the newly developing countries,"'said Gibson, "there was a general agreement that inflation...
...William Augustus Richardson Jr., 37, round-the-world Canadian mining and prospecting share operator (TIME, Feb. 4), who lined up so many interesting possibilities that he is taking off on a firsthand inspection trip to Japan, New Caledonia, Australia, Indonesia, Burma and Thailand. He said he can raise $200 million if the mining ventures pan out. Among the possibilities: a $7,000,000 to $9,000,000 deal with Bulent Yazici, executive vice president of Turkey's Industrial Development Bank, to build Turkey's first chrome-plating mill...
...ROUND the world, the chances for investment abound (see Capital Opportunities). But too often there is no capital to invest. As President Marcus Wallenberg of Stockholm's Enskilda Bank pointed out to the conference delegates, the demands for investment funds have far outrun the savings from which the capital must come...