Word: businessman
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Dates: during 1950-1959
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What it meant to the economy was that the moneyed U.S. farmer was fast becoming a pillar of strength, buying and consuming with rare power to pick up the slack from other social groups. To many a businessman, the strongest market of 1958 is the farm market-the equivalent of discovering a rich, import-hungry foreign country. In Bloomington, Ill. Sears, Roebuck reports that its trucks go out loaded with freezers, ranges and refrigerators; on R.D.S. routes freezer sales alone are running 50% ahead of last year. Nor are appliances the only things that farmers want. With cash...
...last month, was "not a casual one nor one of recent origin." It was because he knew Goldfine so well that Adams was willing to vouch for him as "an upright and honest citizen, trustworthy and reliable." Whether Goldfine actually fits that description, whether he is the sort of businessman from whom public officials can accept gifts without having to return favors, remains the central issue in the Adams-Goldfine case despite distracting Goldfine pressagentry. Last week TIME reporters, conducting dozens of interviews and digging through musty court records throughout New England, reported on some of Goldfine's many...
...pairings for the first trial, the winner was none of the spanking new beauties but an outsider-the veteran, refurbished Vim. Designed by Olin Stephens 19 years ago, Vim is another family affair. Bought by New York Businessman John Matthews back in 1951 and fitted out for cruising, Vim had been refurbished and reconditioned for a try at the Defender trials. Young (24) Donald Matthews brashly matched tactics with Briggs Cunningham, beat him to the starting line, and brought Vim home a whole minute ahead of Columbia. The second race petered out in a slatting calm. But before the committee...
ABROAD new U.S. foreign-investment program is taking form in Washington. Even as fresh opposition to the foreign aid and reciprocal trade programs showed itself in Congress (see NATIONAL AFFAIRS), the State Department was busy last week on a program that every businessman and Congressman could support. The aims: 1) get other countries to shoulder more of the development burden now borne by U.S. foreign aid; 2) shift from giveaway aid programs to revolving loans; 3) encourage private investment and sound fiscal and monetary policies in countries that now dissipate U.S. help by bad housekeeping...
...such, an apt symbol of the moral ambiguity of the Reconstruction period. Author Daniels argues that U.S. folklore has too gullibly enshrined the popular Southern myth of the carpetbagger as a devilish Yankee loot-and-run artist. In fact, he was sometimes a champion of Negro rights, sometimes a businessman with venture capital to invest, sometimes a restless Northern war veteran with a yen to revisit the South. If the carpetbagger's hand was plunged in the public till, his arm was frequently locked in that of a sly Southern collaborator who was only too happy to share...