Word: businessman
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Dates: during 1950-1959
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Chile was in the final phase. Confronted by a 20% budget deficit, a $718 million foreign-trade debt and an unemployment rate of 10%, President Jorge Alessandri's month-old "businessman's government" devalued the currency. Down 18% went the value of the peso, from 837 per dollar to 989, in the hope that such exports as steel and wine, thus cheapened, would rise proportionately...
...important post, Lopez Mateos reached outside the Ruiz Cortines ranks; Pascual Gutierrez Roldan, 55, replaced Antonio J. Bermudez as director of the government oil company (Pemex). A conservative businessman who ran up handsome profits as director general of the country's largest steel producer, Altos Hornos, he will no doubt try to cut down waste and featherbedding at Pemex...
...Conny's wake, a flock of single-named moppets have assaulted the recording studios. Among them: twelve-year-old Gabriele (Clonisch), whose Schokoladeneis (Chocolate Ice Cream) has already sold 250,000 copies, although she started singing into her businessman-father's dictating machine only a few months ago; and nine-year-old Brigitte (Reisberger), who has a big hit called Lieber Pappi, Mach Mai Sonntag (Dear Daddy, Take a Day Off). Recording firms these days will audition any subadolescent, and with good reason: teen-agers account for the bulk of German record buying. Mourns Munich Disk Jockey Werner...
...dealers are pleased. At the Downtown Gallery. Edith Halpert reported that she had received a visit from a Midwestern businessman. He had a list of the artists in Halpert's distinguished stable. He wanted one of each. "Don't you want to look around a bit first and decide what appeals to you?" Mrs. Halpert asked. No. the man said, "this is just a matter of investment. I hear art prices are going up." Mrs. Halpert told him to go elsewhere...
HARDLY anyone anywhere celebrates Christmas more impressively-or does retailers more good-than the U.S. businessman. He empties a sackful of gifts on expectant customers, fellow executives, public officials, newspaper editors and anyone else who creeps onto his list. The list has grown so long that today the Santas-in-pin-stripes spend something like $1 billion on yuletide cheer: $300 million for liquor, the rest for a stockingful of loot ranging from $2.50 puddings to $2,500 pianos. The giving is not necessarily due to an excess of Christmas spirit; businessmen simply think that they must. As Denver Radio...