Word: tides
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Dates: during 1960-1969
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...Sheraton Corp.'s Hawaiian hotels (the SurfRider, Moana, and Princess Kaiulani), thus becoming the largest individual Japanese investor in the U.S. He figures that, after the Japanese government this month lifts its postwar ban on foreign pleasure travel, the travel-loving Japanese will head "like a flood tide" for Hawaii, which, says Osano, "is far enough away for them to forget their worries, but not so far that they will get homesick...
This week in Chile, New York's Republican Senator Jacob K. Javits went even further. Javits warned against the "erosion of investor confidence" in Lat in America, predicted a "great outward tide" of private investment, both in U.S. and local money, unless a major effort is made to reverse the trend. It is up to Latin American governments, said Javits, to do more to improve the climate for business. The private sector actually accounts for 70% of all economic activity in Latin America. And, contrary to popular belief, said Javits, "90% of that private sector is owned by Latin...
...even churchmen who do not want, or foresee, the ultimate creation of one great Christian church believe that the ecumenical tide cannot be stemmed, nor should it be. "What it really amounts to," says one Catholic priest in Pittsburgh, "is a diminution of suspicion and an acceleration of good will. We simply aren't fighting each other any more...
...years, in Sweden, premarital intercourse has been widely condoned, and the government provides legal abortions when deemed "in the mother's interest." The result, warned the doctors, has been a tide of extramarital pregnancies and mounting venereal disease-with most of the victims young people. Sweden's gonorrhea rate has jumped 75% in five years, and of last year's new cases, 52% were among teenagers...
...many European firms are forced to take out expensive and sometimes risky short-term loans, to try to finance growth out of dwindling profit margins and to offer rights at bargain-basement prices just to make their stock attractive. But more often they turn to U.S. investors. The tide of their U.S. borrowings ran so high in the first half of last year that President Kennedy shocked Europe and Wall Street by proposing an "interest equalization tax" on foreign stocks and bonds floated in the U.S. by 22 leading industrial nations; the tax would have the effect of raising interest...