May 30, 1991 |
Prime Minister Valentin S. Pavlov introduced radical legislation Wednesday that would let foreign investors operate and own businesses in the Soviet Union as part of the nation's sweeping economic reforms. Only with massive injections of foreign capital--and the advanced technology and business know-how that such investment would bring--can the Soviet Union hope to modernize its industry and thus stem its economic collapse, Pavlov told the Supreme Soviet, the national legislature.
April 22, 1993 |
The White House, abandoning a policy pursued by the Ronald Reagan and George Bush administrations, has decided to side with California officials in their court fight to keep as much as $4 billion in taxes collected from foreign-owned businesses operating in the state. The Administration's decision came after a high-level review that ended in an Oval Office meeting Tuesday, and it reflects Clinton's intense political interest in California and the state's shaky economy, officials said.
July 3, 1994
The headline "Coalition Will Lobby Washington to End Embargo Against Cuba" (June 9) was eye-catching. The "sticking point," the story says, is Castro's rule. Our concerted efforts are finally beginning to take effect. Unable to trade, Cuba is cash-poor. If we work things right, we will return Cuba to its pre-Castro days: U.S.-owned sugar fields and other foreign-owned big business, maybe even casinos, the playground of the rich; side streets lined with brothels; Cubans to serve as "labor" and returning them to living in hovels and among the hungry, homeless and illiterate.
May 1, 1998 |
A convicted member of a Venezuelan banking family testified Thursday that he and his aunt contributed $50,000 to the Democratic Party in 1992 and were reimbursed by his grandfather's foreign-owned business. Jorge Castro Barredo, serving a bank fraud sentence in a New York state prison, said the contributions were arranged by the family's Miami lawyer, who told Castro Barredo that he would get the money back.
CALIFORNIA | LOCAL
March 27, 1992 |
Sounding like a seasoned capitalist, Moscow Mayor Gavriil Popov was in Orange County on Thursday to urge Americans to invest in Russia, where despite some risks, he said, "it's possible . . . to do business." "Any businessman is afraid . . . when he goes into a new country," said Gavriil, who met with reporters before speaking to about 400 people at a dinner sponsored by the Industrial League of Orange County. "But business is connected with risk, and only risks can give good profit."
August 25, 1991 |
It is fascinating that often the same people who want to save American jobs by restricting imports into the United States and blocking U.S. overseas investment also vociferously object to foreign individuals and companies investing in U.S. businesses. All sorts of pejorative terms are used to describe foreign investment: "putting America on the trading block" or "America is for sale."