Word: businessman
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Dates: during 1970-1979
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...bakers will earn high profits. Those profits will lure investors to build more bakeries. If they wind up turning out more bread than consumers want to buy, prices and profits will fall and capital will shift into making something that consumers need and desire more?shoes, perhaps. Thus the businessman seeking only his own profit is "led by an invisible hand to promote an end which was no part of his intention"?the common good...
...imitates life-or is it life that imitates art? Apparently both. First, in August 1971, there was the razzle-dazzle helicopter escape from a Mexico City prison of New York Businessman Joel Kaplan, convicted of a murder he said never happened. Then, last month, came the movie Breakout, in which Charles Bronson whisks framed Murderer Robert Duvall out of a Mexican prison in, yes, a helicopter. Finally, last week, a man hired a helicopter at Mettetal Airport in Plymouth, Mich., and, once aloft, pulled a knife and ordered Pilot Richard Jackson to fly to the State Prison of Southern Michigan...
Although his name was on the ballot offered by a Phi Beta Kappa committee to the members. Amory Houghton Jr. '50, an Overseer, failed to gain election. Houghton, who is chief executive officer of the Corning Glass Works, was the only candidate identified on the ballot as a businessman...
...journalists reported, came when the Khmer Rouge ordered the 500 Cambodians in the group to leave the compound and join the peasant revolution. Wives were separated from husbands, husbands from families. About 150 Montagnards, the mountain tribesmen from Viet Nam, also had to leave. One of them told American Businessman Douglas Sapper that since he had fought with them in Viet Nam, he was their blood brother. A Montagnard officer's wife pressed the American to take her five-day-old baby, asking him to raise it. "They asked me for help I couldn't give," Sapper said...
...very least, though, the nation can forget the fear, widespread as 1975 began, that the slump will continue spiraling down into a genuine depression. Hardly a businessman or economist can be found who does not expect an upturn some time this year, and most are looking for it sooner rather than later. "I think honestly that it's going to turn around in this quarter," says Joseph B. Lanterman, chairman of Amsted Industries. Says Lee lacocca, president of Ford Motor Co.: "The worst is behind us." Richard Everett, chief domestic economist of the Chase Manhattan Bank, proclaims himself "confident...