Word: businessmen
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Dates: during 1950-1959
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...arrived in Washington he saw a Negro family being thrown out of a restaurant. The Brownell Justice Department took the Thompson restaurant case out of the hands of an uncooperative local prosecutor, soon won a court victory abolishing segregation in Washington restaurants. Brownell followed un with unpublicized conferences with businessmen and city officials, helped bring about integration in the parks, playgrounds, theaters and other public places of the nation's capital. A Justice Department brief helped persuade the Interstate Commerce Commission to outlaw segregation on interstate trains and buses. Brownell invited Southern transportation-company heads to Washington for behind...
...BUSINESSMEN this week could reflect once more on the folly of underestimating the power of the U.S. economy. As 1957 began, the business outlook was for a good first half and a gradual tapering off later in the year-with a creeping profit squeeze for all of 1957. But when an overall profit squeeze failed to materialize in the first quarter, businessmen raised their sights for 1957. Now many believe that the second half of 1957 will be the better half, perhaps satisfying even those who expect a zoom on top of the boom. See BUSINESS, The Better Half...
...often failed to keep pace with the increase in sales. But overall corporate profits for 1957's first quarter were expected to tie, or even exceed, the $18.8 billion profit total reported in 1956's first quarter. Yet such is the psychology of the boom that many businessmen, accustomed to record after record, wanted nothing less than a zoom on top of the boom...
...could replace some of the most controversial part of the foreign-aid program - the 15%-20% devoted to outright economic aid. Private dollars are far more effective than Government grants or loans because they act faster and more directly to stimulate local economies and generate new capital. Businessmen estimate that $1 in private capital does as much work as $3 in Government aid. U.S. firms now operate or make investments in more than 50 foreign countries, have annual foreign sales (including exports) of nearly $50 billion. The outflow of private direct investment reached $1.6 billion last year, more than double...
...easiest ways to encourage investment abroad would be to ease the tax burden of overseas firms, which often are hit by double taxes. But such a reduction has been largely blocked by businessmen themselves. U.S. companies deriving 95% of their income from foreign nations in the Western Hemisphere have to pay only 38% corporate tax v. 52% paid on profits made in the rest of the world. The Administration has been trying to have the lower rate extended to all U.S. firms doing business abroad. But shortsighted U.S. firms have disagreed so strongly over who should qualify that little progress...