Word: businessmen
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Dates: during 1950-1959
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Grubstake. The French stake in North Africa is prodigious. With its empire in Asia gone, the loss of its African colonies could seal the doom of French claims to being a major power. France has invested tens of billions of dollars in Morocco, Algeria and Tunisia. Its businessmen depend heavily on them for markets, raw materials and labor; its army taps their manpower. "Without North Africa," French imperialists say, "France would have no history in the 21st century. We should be 40 million Frenchmen facing twice that number of Germans. Another Portugal...
...puppet and usurper. In the great mosque at Fez, the bearded priests of the Prophet issued a solemn edict: "In the name of Islam and the Moroccan people we demand the return of the legal sovereign, Ben Youssef." Istiqlal's moderate leaders, most of them French-educated businessmen with little stomach for violence, pleaded with their followers to avoid bloodshed, and petitioned the French for reforms...
...Adhemar ("Brazil Needs a Manager") de Barros, 54, rich, flimflamboyant ex-governor of booming São Paulo, self-chosen candidate of his Social Progressive Party. Adhemar, as he is called all over the country, shows even less political philosophy than Kubitschek. Favored by his fellow big businessmen and detested by the intellectuals, Adhemar has nevertheless captivated many a working man by promising to make "Brazil, Inc." prosperous. "I doubled my inheritance," he says in a gross understatement, "and I can do the same for Brazil...
Tradition has it that when hot weather spreads across the land, U.S. business slides into a slump. But in prosperous 1955, with Americans earning bigger wages, going more places, buying more goods, spending more money than ever before, the season's usual slump never came. As U.S. businessmen quickened their pace last week for September's bracing upturn, all signs pointed to the best autumn ever...
...summer closed with a flourish, the National Industrial Conference Board reported what businessmen thought about the rest of the year. Of the 131 major manufacturers in its survey, most thought that the record levels of employment (65 million) and gross national product ($385 billion) would hold up. Sales, production and capital expenditures might soar even higher. Half predicted that second-half profits would be even better than the year's first half, and more than three-fourths predicted that 1955 earnings before taxes would easily surpass 1954's. Said the N.I.C.B.: "Business in the remainder of 1955 will...