Word: businessmen
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Dates: during 1950-1959
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While many businessmen blamed higher prices on the boost in steel ($8.50 a ton) and aluminum (1? per lb.). the adjustment in most cases also covered increases in wages, fringe benefits, raw materials and freight rates which had been nudging up production costs long before last month's steel strike. Led by a jump in food bills, the consumer price index, which since May 1953 had remained steady at around 114-115 (based on an average of 100 for the years 1947-49), started an uninterrupted rise in February, passed the alltime peak of 116.2 last June...
...Chicago last week it looked as if business-baiting would play a heavier role in the 1956 election campaign than in any presidential race since the 19305. But U.S. businessmen as a group gave little evidence of apprehension or even of quickened interest in politics. In Boston and Seattle, Republican committeemen reported that substantially fewer businessmen had volunteered for electioneering duty than in 1952. The same was true in Pittsburgh, where one industrialist explained: "Everyone figures Ike is a shoo-in. The same old warhorses are still the active ones in both parties...
While the 1956 attitude is no doubt a factor, the paucity of businessmen active in political affairs runs much deeper than one season's mood. U.S. businessmen, whether Democrats or Republicans, have a deep-seated aversion to political activity. Even in the last presidential campaign an upsurge in political interest on the part of businessmen generally took the form of discreet, behind-the-scenes aid. Few businessmen shrink from political action in cases that directly affect their industry, e.g., for higher tariffs on imported textiles (promised by implication last week in the Democratic platform). But most executives shrink from...
...never before had U.S. business spent so -much energy to win politicians and newsmen as customers. The theory of the whole promotional scheme was explained by Author Russell (The Tastemakers) Lynes in a publicity primer for businessmen seeking an advertising tie-in with the national convention. Said Democrat Lynes, in rounded Madison Avenue phrases: "Tastemakers are always going places (like Chicago), where they foregather with other tastemakers and come home and tell people about the wonders they have seen. Since they are influential in their communities, peo ple follow their lead...
Socialist Sympathy. While Western businessmen watched with apprehension, the Soviet Union in less than two years has succeeded in penetrating virtually every key industry in India. Yet Moscow contributes little to India's economy: barely 1% of India's imports in the past year has come from the Iron Curtain countries v. 25% from Britain, 8% from West Germany. While the U.S. has handed Nehru's government $500 million in gifts and loans since 1950, Russia has doled out farm machinery and one Ilyushin-14 airliner, worth in all no more than...