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...drains caused by corporate investment and bank lending abroad have been substantially plugged by Government-imposed "voluntary" restraint. Last week the Federal Reserve reported that U.S. banks cut their outstanding foreign loans by $385 million during January and February. Though industry plans to step up its in vestment in foreign plant and equipment by 24% to a record $8.8 billion this year, much will come from dollars borrowed abroad. What else can the Administration do to curb the deficit? Says Treasury Under Secretary Joseph Barr: "The possible courses of action clearly point at the tourist." Of course, as Barr knows...

Author: /time Magazine | Title: The Economy: Unbalanced Balance | 4/8/1966 | See Source »

Significant Decisions. Motorola has managed its mix of products by internal growth rather than by acquisition, financing expansion largely from corporate funds; last year it spent a lavish $48 million on research and capital in vestment. The company also makes a practice of promoting from within...

Author: /time Magazine | Title: Corporations: The Boss's Son | 7/10/1964 | See Source »

...soprano Spanish with the first families at El Salvador's Club Salvadoreno, mine copper in Bolivia, spin yarn in Argentina, produce drugs in Mexico. The resourceful investors from Japan, venturing where U.S. businessmen have become reluctant to tread of late, have made Latin America their No. 1 in vestment target. Though Japan's total investment of some $390 million is hardly in the same league with the U.S. commitment of $8.2 billion in Latin America, U.S. investment there is now slowly shrinking-while Japan's is advancing by $100 million yearly...

Author: /time Magazine | Title: Latin America: The Japanese Presence | 4/26/1963 | See Source »

...point, the lifeguard's vision--and the author's--is unique. "Each morning," says the guard, "as I mount into my chair, my athletic and youthfully fuzzy toes expertly gripping the slats that make a ladder, it is as if I am climbing into an immense, rigid, loosely fitting vestment." In a deceptively smooth metaphoric stream, the lifeguard comments on life and love, sex and salvation from his singularly vantage point...

Author: By J. MICHAEL Crichton, | Title: Updike Writes About Unhappy People | 4/27/1962 | See Source »

...them are truly outstanding." The Deport cites the Christian Science Monitor as the level of excellence Catholic publications should aim for. "Having first used the word propaganda, the Holy See has failed to utilize the best talent available in the field. Time and again it puts its worst vestment forward when the best side could easily be shown...

Author: /time Magazine | Title: Religion: Holy Church Evaluated | 1/30/1956 | See Source »

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