Word: businessmen
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Dates: during 1950-1959
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TURBOPROP PLANES for businessmen will be built by Grumman Aircraft, which is resuming commercial plane output for first time since 1950. New twelve-passenger plane, powered by two Rolls-Royce Dart turboprops, will have top speed of 370 m.p.h. and range of 2,200 miles. Production starts next...
...first burst of postwar inflation came when pent-up demand and wartime savings caused such a scramble to buy that shortages turned up everywhere, and most businessmen cashed in by raising prices. Then came the Korean war, and once more a scramble for materials and goods sent prices soaring. Wages were slow in catching up. In fact, after General Motors set up the first automatic "annual improvement factor" increase in wage contracts in 1950, Charles E. Wilson, then G.M. president, said: "It is not primarily wages that push up prices. It is primarily prices that pull up wages." After...
...their part, many businessmen became wedded to the idea of a continually expanding economy. Under such circumstances-and with money tight-they decided on a long-term policy of financing more of this continuous expansion out of profits instead of through stock and bond issues. Disregarding temporary conditions of supply and demand, they began to set what Senator Kefauver and economists such as Edwin Nourse, ex-chairman of the President's Council of Economic Advisers, call "administered prices"-prices that are set to achieve a predetermined profit level that will defray not only wage increases but also most...
...fill a pair of important Government posts, President Eisenhower last week nominated two experienced administrators, who must still win Senate confirmation but already have wide approval from the businessmen with whom they will deal. The choices...
...blasts U.S. foreign policy, grows unexpectedly lyrical about traveling U.S. businessmen ("these Eds and Harrys and Bills are America") and believes that individual Americans must go out in great numbers as lay missionaries to practice the American Faith. Concludes Wylie: "And hear this: Everyone who goes forth in that fashion will be welcome. For I have looked into a million brown, beseeching eyes, and in all I saw the light of liberty, here dim but there radiant. And all those eyes implored me to tell...