Word: attracted
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Dates: during 1950-1959
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...city's failure to hold on to the auto industry or attract replacements, many Detroit businessmen blame United Auto Workers President Walter Reuther and his close ally, Governor G. Mennen ("Soapy") Williams. Reuther, the arguments run, discourages industry by pushing labor costs higher and higher, and Democrat Williams discourages it by committing himself to Big Labor and the ever higher taxes of the welfare state. Says outspoken Harvey Campbell, vice president of the powerful Detroit Board of Commerce: "Businessmen won't talk about it in public. They are afraid of reprisal. They stand behind me and cheer...
...driving for his Arab union, will next arrange for the Egyptian-run Gaza Strip to announce its independence as a nation. The strip's 300.000 Palestinians, mostly refugees from Israeli-held territory, would then vote themselves into his United Arab Republic. Such a "state" might be expected to attract the disruptive loyalty of the more than 500,000 other Palestinian refugees living in Jordan. Already the newly created Gaza local government council calls itself the Palestine Legislative Assembly, and the map of "Arab Palestine" behind the speaker's dais shows its borders including all of their onetime homeland...
RUSSIAN TRAVEL BOOM will attract some 4,000 Americans to U.S.S.R. this year (v. 2,500 in 1957), and Russians plan to send first large tourist parties to U.S. American Express will open Moscow office, station first full-time U.S. travel agent there since World...
...they will have trouble competing. Though the industry recently got an interim 6.6% fare increase, it will only boost the 1958 profit margin to 2.6%, far less than is needed to pay for jets. Domestic carriers still need $600 million, but simply cannot make the healthy profit needed to attract bank financing. Wall Street is just as cool to equity financing: common stocks of the twelve lines are selling at 64% of book value...
Ireland aims to lure mostly middling-sized, 50 to 500 man plants that would not compete with existing Irish industries, e.g., new plants for chemicals, tools, toys, plywood products. Its yearly goal is to attract $56 million in new industrial investment, create 15,000 jobs. For the bulk of this, Ireland looks to the U.S. Said Booster McCormack in his Manhattan office: "Any American businessman who is interested in Ireland has only to call me, from any part of the country, and I will come to see him in 24 hours...