Word: investment
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Dates: during 1960-1969
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...specialty, and the Bartlett Boom remains standard. Although many variations are permitted, it was the master's own strategy to assign one two-page and one thirty-page paper each term. He criticized the two-pager in great detail, and marked it stiffly; thus students were driven to invest a good deal of time into the thirty-pager-only to get it back ungraded, with the comment, " I don't think one can measure an effort of this sort by a number or letter...
Because the Coop itself is in debt, it cannot be of very much direct monetary aid to the community. "To expand, the Coop had to borrow from local banks and the John Hancock Company. The terms of those loans expressly forbid us to invest in any other businesses," Brown explains. The Coop can, however, give about $5000 to charity each year, which it donates through the United Appeal...
...order to move into new fields, insurance companies have been forced to alter their corporate structures. Some 400 investor-owned insurance companies, including nearly all the big ones, have turned themselves into subsidiaries of newly created holding companies during the past few years. These are free to invest and diversify in ways that insurers have been forbidden to do directly...
Even though they disclaim any thoughts of setting up a new class of conglomerates, insurers have so much cash to invest that their new tactics can have an enormous effect on the economy. Last year, life insurance companies alone had over $17 billion of new money to invest, or almost 14% of gross private investment. To investors who have been accustomed to getting only an interest return on loans, says Washington Economist Miles Colean, "an exposure to equities is like the taste of blood to a young lion." The insurance industry's new look may have an even greater...
...losses in three years, foreign investors have been understandably slow to sink new funds into operations there. Peru's military junta has frightened outside investors by its seizure of International Petroleum Co.'s properties last October. The U.S.-owned Southern Peru Copper Corp., which was ready to invest $350 million to develop its copper ore concession a year ago, now seems less interested in expansion, and is refraining from committing itself until it has a better idea of the junta's plans...