Word: businessmen
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Dates: during 1950-1959
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...unemployment benefit plan in 1930, which included 13 other Rochester companies, became famous as the Rochester Unemployment Benefit Plan. It called for payment of 60% of salary to unemployed workers for thirteen weeks. In 1942 he helped organize the Committee for Economic Development, an influential organization of businessmen and educators devoted to maintaining a healthy economy...
...Telegraph, France-Soir and Variety, and waiters accept orders for milkshakes or ham-and-eggs without batting an eye. Patrons include Egypt's ex-King Farouk, Hollywood's ex-Star Bruce Cabot (now a fixture of Rome's colony of movie expatriates), visiting U.S. executives, Turkish businessmen, passing luminaries...
...steel price increase two weeks ago, many a businessman feared that it was. Philco Corp. warned that high raw material and increased labor costs "are contributing to another round of higher production costs." Youngstown Kitchens announced a10¼% boost in factory prices. Dun & Bradstreet, which asked 1,104 businessmen what they intend to do about prices in the last quarter of this year, reported that 26% said they expected to raise them (in April, in answer to a similar question on third-quarter prospects, only 18% said they planned boosts...
Furthermore, an increasing number of businessmen were thinking of adding to their inventories, partly because of better business and partly because of the prospect of higher prices. Dun & Bradstreet reported that 35% of the businessmen questioned in a poll planned to carry bigger inventories (compared to 29% last April). The Department of Commerce noted that at the end of May, dollar value of manufacturers' inventories totaled $43.6 billion, a one-month gain of $300 million...
...Bargain. But many businessmen predicted a stable price level-or even a drop in some prices. Ben Moreell, chairman of Jones & Laughlin Steel Corp., last week called a press conference to 1 ) defend the steel price increase, and 2) argue that it would not necessarily lead to a general increase. Since early 1951, steel prices have gone up 23% but the general price index has declined 5.6%, partly be cause of lower food costs and partly be cause of improved manufacturing meth ods which cut retail price tags. Said Moreell: "We have had a stable price level for the past...