Word: businessmen
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Dates: during 1940-1949
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...year ago, the West's economic experts wiped out 90% of West Germany's inflated currency and clamped tight restrictions on credit in order to guard against a relapse into inflation. Many industries, notably the Ruhr mines, lack funds to replace badly worn-out equipment. Businessmen, without long-term risk capital, are forced to seek quick profits; they build nightclubs and theaters rather than homes and factories...
...Pals. Hunt hotly denied that he had ever used any influence. He was "just an errand boy," he said, helping small businessmen to find their way around Washington's federal bureaus. Of course, he knew Harry Vaughan and had entertained him at a few cocktail parties, but he wouldn't think of asking him, or his other friends, to influence Government contracts. Though Harry Vaughan readily admitted their friendship, many of the other "friends" smiling down from Hunt's office walls promptly said that they didn't know him. They pointed out that it was easy...
...that made for influence in Washington, was equipped to be a five-percenter. But if the investigation should eliminate just a few of the five-percenters, and teach Government officials to steer clear of the influence boys, it would do a service not only to taxpayers but also to businessmen...
...Dirt Farther Down. For any businessmen not acutely aware that many prices were still too high, the Federal Reserve Board had some enlightenment. In a survey made early this year, FRB reported that consumers had almost as much cash as the year before, but were less ready to spend it unless prices went down. Consumers were in the market for up to 5,000,000 new cars, about 1,500,000 television sets and a million new homes. There was "strong underlying consumer demand," said FRB, "if goods were available at prices and qualities considered attractive." So far the price...
Would it not be better to refer to our "recession" as a "return to normal" after the unusual postwar highs . . . ? Many businessmen, wishfully thinking, seem to have taken these highs for normal business and are now crying because the balloon has burst as we all knew it would...