Word: businessman
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Bronx and Humboldt Park, landlords often see arson as a way of profitably liquidating otherwise unprofitable assets. The usual strategy: drive out tenants by cutting off the heat or water; make sure the fire insurance is paid up; call in a torch. In effect, says Barracato, the landlord or businessman "literally sells his building back to the insurance company because there is nobody else who will buy it." Barracato's office is currently investigating a case in which a Brooklyn building insured for $200,000 went up in flames six minutes before its insurance policy expired...
...money. Most of it has gone, in $1,000 checks, to strangers whose misfortunes or good deeds he has read about. Some of his beneficiaries: a Colombian orphan who needed heart surgery; a couple who have been foster parents to 40 children; a civic-minded, wealthy businessman who quickly returned the gift. Why does he do it? Cannon believes that "the quest for money and acquisitions can be very self-destructive." So he and his wife Princetta give away as much as they can, while living in a house with a leaky roof and driving a battered 1963 Chevy...
...party's nomination as an outsider railing against bloated Government, angered liberals by putting a balanced budget ahead of expensive new social programs, and disavowed any thought of imposing wage-price controls or even guidelines. Perhaps equally important, as Carter frequently observes, he is a former businessman himself. During the campaign and for a while after the Inauguration, even many executives who voted for Gerald Ford did indeed warm to Jimmy Carter as they rarely do toward any Democrat. But now a severe problem of confidence has arisen between the President and a business community that is increasingly suspicious...
Actually, capital investment has lately been picking up somewhat. In real terms-that is, discounted for inflation-it is increasing at an annual rate of about 7% to 8%. But Administration officials, who are as insistent on the need for investment as any businessman, would prefer an increase of 10% or more. That is essential to the Administration's economic strategy. At the moment, the economy is growing satisfactorily; real gross national product is expected to rise a bit more than 5% this year and about 4.5% in 1978. Though that is not enough to cut into the unemployment...
...businessman myself-that is my profession-I understand the special problems of the business community. And in the tax-reform package we hope to stimulate our economy to some degree, provide easier accumulation of capital for increased investment. And I think that these two basic premises of the tax-reform package, combined with success in the energy field, will be a great step toward restoring, or at least establishing, increased confidence...