Word: investment
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Dates: during 1980-1989
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...months. Though China may want to trade, will anyone want to trade with China? As foreigners have fled the country, joint ventures with Western and Japanese firms are frozen. Even before the protests erupted, inflation, corruption and unemployment had put a brake on progress; hesitation by outsiders to invest in China will only exacerbate these problems. Said a senior British diplomat: "First, there is the revulsion factor in the wake of the bloodbath that will keep a lot of Westerners away. Second, there is the question of confidence. Deng built that up, and now it lies destroyed...
...commissions that brokers and commercial banks charge on Treasury sales by purchasing the securities directly from the Government at a Federal Reserve Bank. For many investors, safety is still the ultimate lure. Said a Chicago police officer after buying a Treasury bond last week: "If you invest in the Federal Government, the whole country has to fall apart before you lose anything." Despite the Government's profligate spending habits, most people think it can still be trusted with a citizen's nest...
...Prime Minister's attempt to invest his disgrace with honor was overshadowed only a few hours later by the news -- long anticipated by many Japanese -- that one of the key players had committed suicide. Aoki, 58, Takeshita's closest political aide for 30 years, slashed his wrist, neck and foot with a razor blade, then hanged himself with a necktie. As the man who had handled Takeshita's political finances, some newspaper commentators speculated, Aoki may have taken his life to shield the Prime Minister from possible criminal prosecution. But Aoki may simply have been following a long- standing Japanese...
...some other universities have chosen todivest completely from companies which haveholdings in South Africa. Columbia University, forinstance, "does not invest in any companies whichhave facilities in South Africa," says Roberta M.Weil, the school's vice president for investments...
THIS Ivory-Tower paradox disturbs me enormously. How can I advise readers, say, not to take advantage of Eastern's money-saving fares just because "it would be wrong," when I can overcome ethical qualms in an exactly analogous situation. How can I justify condemning those who invest in South Africa for profiting from institutionalized racism when I am earning money through an ethically questionable business...