Word: businessmen
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Dates: during 1950-1959
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...great private fortunes is gone. People no longer can give only money to community projects-they must give themselves." So says Thomas H. Coulter, head of Chicago's Association of Commerce and Industry. With this, most U.S. businessmen are in full agreement. While civic-minded executives and their companies still write generous checks (last year corporate donations of $100 and up totaled 40% of Community Chest donations, 34% of United Fund contributions), many businessmen are not content to discharge their public responsibilities with cash alone. Instead, more and more executives are donating time and talent to civic projects, from...
...Many businessmen and civic leaders deplore the fact that too much of the work is still done by those who have always done it-for a willing worker is in high demand. They also point out that there are still too many "letter-headers," businessmen who merely lend their names to a civic campaign without also lending their time. Recently, however, more young men are sharing the load. Both they and their companies realize that it will give them invaluable experience; they will meet the top men in their fields, learn to talk and think on their feet. When Pacific...
...fertilizer, rayon and other nonstrategic items. Regally received by Mao Tse-tung and Chou Enlai, Gentili himself won agreements for the export of strategic metals, machinery and tractors -if and when Italy lifts her embargo on strategic exports to China. Gentili is now busily lining up export-hungry Italian businessmen to try to do just that...
...over many of their loans to insurance companies, the last great reservoir of private U.S. capital. But even some of the biggest insurance companies, e.g., Prudential, are so heavily committed that they are turning down loans they would have snapped up a year ago. The big squeeze is on businessmen who have not previously borrowed, have uncertain profit prospects or want money for speculation, e.g., inventory-buying to beat price increases...
Viewing the statistics, some businessmen contend cheerfully that a constantly increasing population, the vast new opportunities unlocked by the atom, and the whole new field of electronics all help to assure continued high employment and demand for goods. But Martin contends that the risk of boom and bust is too dangerous, since the FRB is powerless to reverse full-scale depression. It takes more than easy credit to persuade a businessman to turn out goods for which there is no market. Argues Martin: "The Federal Reserve cannot turn the economy off and on like a faucet. But we can minimize...