Word: investment
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Dates: during 1950-1959
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...spinster munching sour grapes. In the land of the rising woman, where a husband used to control his yen, millions of wives are buying stock by cutting corners and snipping off a larger hunk of the family pay envelope. As a result, Japan is having its biggest investment boom in history. This year 9,000,000 shareholders will invest $5.5 billion v. $4 billion last year; investment trusts have increased 50%, and savings accounts have risen 20% to $17 billion...
Last week Japanese security dealers opened a major campaign to attract more women investors. Some 6,000 salesmen began a door-to-door drive urging housewives to invest their husbands' winter salary bonuses-usually one to three months' pay-in stocks. Traditionally given in December, the bonuses used to go for rice wine, New Year's gifts and new clothes. Now a flood of mail urges Japanese wives to "multiply your huband's bonus wisely -in stocks. To become a millionairess is no longer an impossible dream...
India. West German industrialists are eager to invest in India, he said-if they get 51% partnership in the capital of new industries. Indian private enterprise, he told Nehru, should have more freedom, and India should beware of "too much planning." Foreign investors want guarantees against "political risks...
...tile roof built around a swimming pool-at La Mona, a 1,200-acre spread of potato and cattle land 90 miles southwest of Caracas. His farms are no mere rich man's fancy. Originally developed by the International Basic Economy Corp. (IBEC) that he founded to invest in Latin American development, the first farm lost so much money in a try at large-scale agriculture that Rockefeller bought it from IBEC, ran it himself. He put it on a paying basis, and at the same time demonstrated the raising of tick-resistant Santa Gertrudis cattle crossbred with African...
...bring the central bank rate in line with other short-term rates. Reason: the average yield on Treasury bills has been running three-quarters of 1% above the Fed's 2% discount rate, making it possible for commercial banks to borrow from the Fed at 2% and invest in Treasury bills that pay nearly 3%. By narrowing the spread, the Fed hoped to stop the practice...