Word: businessese
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Dates: during 1960-1969
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Sir: Your excellent article on urban renewal [Nov. 9] stressed the often handsome new construction that accrues to the city after such redevelopment. However, a tremendous hidden social cost is incurred, which accounts for much of the vociferous opposition to all renewal. When large, densely populated areas are cleared, many...
Thus urban renewal will have only a cosmetic effect on our cities, and the billions of dollars invested will be lost, unless it is combined with comprehensive programs of low-cost housing, education and social services designed to bring the marginal people and businesses back into the main stream of...
On the other hand, family firms have some congenital weaknesses, and Wall Street has tended to play these up in its constant importuning of such businesses to go public. Among them: the problem of signing up and holding able executives who know that the sweetest plum is often reserved for...
Profitable Intangibles. Some clannish companies eventually sell out or merge: Q-Tips, for example, recently merged into Chesebrough-Pond's, and Breck Shampoo into American Cyanamid. A much larger number of successful and independent businesses find ingenious ways to overcame the hurdles. Charles Cassius Gates Jr., president of Denver...
The U.S. construction industry stands to be the biggest beneficiary of the windfall, though the actual spending will be sufficiently spread out so that no sudden spurt in jobs or contracts is likely. But thousands of other businesses are already getting a boost from local and state expenditures, which are...