Word: businessmen
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Dates: during 1950-1959
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...that publicity would have its terrorizing effect, Lo launched in October 1949 his successive purges. He called them "campaigns." The "Five-Anti" (sometimes called the "Five Vices") campaign was ostensibly waged against bribery, tax evasion, cheating in contracts, theft of state property and state economic secrets. Under its cover, businessmen and industrialists were pressured with endless "struggle meetings" (brainwashing) and forced to pay fines and "back taxes" of fantastic sums. Many were arrested, killed, or detained for days and nights by activists among their own employees. Literally hundreds of thousands committed suicide. At one time in Shanghai, the Bund...
...trade, industry by industry, the Communists have worked over China's extensive and once thriving commercial life. By 1952, 58% of the economy was under government control. Because the Communists control raw materials, retail prices, staff hirings and firings, and can demand exorbitant taxes at will, private businessmen have no alternative but to give up. By last November, 70% of all Shanghai firms had been handed over. Since then socialization of business has been speeded up, and complete transformation, already achieved in many smaller cities, is soon expected...
...Communist party's troubles in China are not over. An immense problem of organization and leadership now confronts it. There is evidence that millions of peasants and businessmen who have suddenly swarmed into rural cooperatives and urban state enterprises dislike and distrust the new order as much as they ever did. The same accounts attest that thousands of new organizations, brought into being to brainwash the new recruits, are little more than paper houses. It is predictable that within a few weeks or months the same leaders who now cry triumph will again be berating their terrorist cadres...
...most businessmen, the outlook for the first half of this year is for continuing fair weather. But what about the second half? Speaking last week before a group of businessmen in Manhattan, Harvard Economist Sumner Slichter said: "The outlook is for little change during the first three quarters of the year and for a rise in production in the fourth quarter...
...that a coffee break on the job can be actually a break for the boss. "Coffee breaks make money for the employer by increasing efficiency," advertises Chicago's Standard Coffee Service. In Los Angeles Al and Jerry Lapin, young (26 and 28) owners of Coffee Time, Inc., ask businessmen: "What is your employees' time worth?" If 25 workers each take an extra 15 minutes a day to go out for coffee, argue the Lapins, they may cost their employer more than $100 a week v. Coffee Time's $21.20 weekly charge for serving coffee...