Word: businessese
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Dates: during 1960-1969
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Trusting to Luck. So much money is involved that ambitious contractors can quickly build substantial businesses. Chicago's Tony La Pelusa, for example, started a tiny contracting firm at the age of 19. He picked a specialty-installation of aluminum siding, windows and eaves-and advertised heavily. Today, at...
The main problem may be enforcement. No fewer than nine federal agencies share responsibility for finding and prosecuting violators, who may be fined up to $5,000 and jailed as long as a year. In addition, a victim may sue for twice the amount of any misrepresented finance charge and...
The Japanese still fear the introduction of many foreign products and ideas. They are particularly worried about the entry of U.S. firms, whose massive capital, modern sales promotion and advertising could upset the harmony and order that are so much a part of the Japanese way of life. Foreign firms...
The banks lend their scarce funds largely to established corporate clients, and they continue enthusiastic promotions of consumer installment loans, which are enormously profitable. They turn down requests by smaller businesses, which are hurt worst by the credit restraint. Many small merchants are having trouble financing inventories.
For the Lazorcaks, inflation is the killer of the dream. One reason, Lazorcak says, is rising rent-up $15 a month last year. His wife stretches the dollar by growing her own fruits and vegetables in a garden. The couple's last night out was on their sixth anniversary...