Word: businessmen
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Dates: during 1950-1959
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Churchmen, like businessmen and bees, tend to swarm in the late spring. Last week the denominational convention season was well under way, and elections, budgets and resolutions filled...
...reckoned that the immediate drop in 1955 revenues would run a mere $50 million. Instead, revenue began dropping at the rate of nearly $1 billion a year, as corporations postponed paying taxes on reserves for vacation pay, pensions, maintenance and repairs. Now, after the House approves the Senate version, businessmen will have to recompute the taxes on their 1954 income, put in the deferred taxes, and pay up the difference...
...also been denounced as "socialism," even though (by lowering trade barriers) it would not increase, but actually reduce, Government intervention in trade. Another charge is that the U.S. is handing over to foreign countries the power to set U.S. tariffs. To this, President Charles P. Taft of the businessmen's Committee for a National Trade Policy retorted: "Outright misrepresentation and dangerous nonsense...
Last week it looked as if ODM had been too optimistic. Before a House Small Business subcommittee appeared several small businessmen, complaining about an aluminum shortage. Furthermore, they charged that the industry's Big Three-Aluminum Corp. of America, Reynolds and Kaiser-were discriminating against independent fabricators. Roger Widing, whose East Rochester, N.Y. company makes aluminum storm doors and windows, said that last year he received 336,000 Ibs. a month; now he is getting 75,000 Ibs. Widing suspected that the producers have been keeping their own fabricating divisions operating by cutting his supply...
...Amendment to the Federal Trade Commission Act." While Barnes said that the Justice Department was not yet ready to recommend repeal of the Fair Trade laws, as suggested by Attorney General Brownell's special antitrust committee (TIME, April 11), he revealed that he was "considerably disturbed by responsible businessmen" contending that brand-name products are cheaper in Fair Trade areas than else where. To answer such statements, said Barnes, his department is studying how Fair Trade laws actually operate...