Word: businessman
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Dates: during 1940-1949
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Help the Farmer. This kind of buying by co-ops is a cause for alarm to many a businessman, who looks with suspicion on the rapid growth of U.S. cooperatives (they have increased their business eleven times in 25 years) and the tax advantages which are now accelerating their growth. No cooperative organization need pay an income tax so long as it allocates the profits from its sales to the members on a proportionate basis, and farm cooperatives receive even further advantages under Section 101 (12) of the Internal Revenue Code...
...these forthright words N.P.A. trampled on the cherished fetish of many a U.S. businessman and farmer. In place of rigid protectionism, the Association blue-printed its own plan for a booming postwar trade. Nub of the plan: Expansion of foreign trade by a scaling-down in U.S. tariffs. Said the Association: "The fear that competition with 'cheap foreign labor' would destroy American labor standards and the American standard of living is without real substance...
...free of advertising plugs, piped directly into clubs, hospitals, restaurants, factories. Bill Benton decided to apply the same system to radio. He lined up big-name sponsors for such a project, including his old partner, Chester Bowles, now OPA boss; the University of Chicago's Robert M. Hutchins; Businessman Beardsley Ruml. He laid his plan before the Federal Communications Commission (retiring FCC Chairman James L. Fly is expected to join the group). This week the group is incorporating as Subscription Radio...
...many a businessman, painfully planning for the postwar, hotly pointed out that no intelligent or trusted planners used the "ridiculous" methods of estimating which Mayer decried. And in answer to the thesis that production tricks learned during war could not be used in peace, economists gave merely a few examples: would U.S. farmers forget the new stunts which had enabled them to raise the greatest U.S. crops in history? Would such basic industries as steel and copper junk their new skills...
These words were noteworthy last week because they came from no free-enterprising businessman, but from New Dealing Harry Hopkins. Once, in the old days of "tax & tax, spend & spend, elect & elect," WPA Boss Harry Hopkins had spent over $5 billion on vast public works trying to prove that federal spending could make the U.S. economy move. But last week, in an article in the American Magazine, Spender Hopkins fervently embraced free enterprise. Skeptics might growl that this was merely a pre-election phony. But it seemed more than that...