Word: businessmen
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Dates: during 1950-1959
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TIME [June 18] pinpoints a growing worry among serious educators, businessmen and industrial leaders: What is being done to stimulate an interest in the study of mathematics on the high-school level...
...business itself. Since the U.S.W. is one of the most highly centralized major labor organizations in the U.S., its $40,000-a-year president wields more authority than, for example, the $242,367-a-year president of mighty United States Steel Corp. Far more readily than most businessmen, he has access to the White House; once, during the shortlived "recession" of 1954, almost persuaded President Eisenhower to take off on a major Government spending program...
...government has already taken action to curb some of the spending. Central-bank interest rates have been moved steadily upward to 3%, and the order has gone out to chartered banks to tighten mortgage money for business and home loans. Businessmen and builders whose plans have been stalled by the credit curbs have protested, but the government has no intention of loosening up the supply of money. To all appearances, the present flow is ample to keep the economy expanding...
...Italian businessmen are notoriously allergic to taxation in any form. Nevertheless there was weight to their argument that the "law for tax equality," which was passed by a majority of Communist and Socialist votes, will in fact perpetuate inequality. Many big investors intend to keep right on dodging taxes by transferring their holdings to dummy Swiss corporations (which can be set up for only $300 a year in legal fees). Holders of government bonds, savings accounts, etc. totaling $2 billion (v. only $190 million worth of privately owned stock) will still be allowed to play ring-around-a-rosy with...
...Watson had only been a business man, he would have been famous enough. But IBM was only a fraction of his true measure. He was one of the first of a new breed of U.S. businessmen who realized that their social responsibilities ran far beyond their own companies. A man with consuming interest in virtually every area of human endeavor, he had a rare ability to translate his thoughts into action. His entry in Who's Who in Amer ica was for years the longest of all, but, unlike many joiners, he worked hard at everything he gave...