Word: businessmen
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Dates: during 1950-1959
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Cheerful, chunky (5 ft. 5 in., 196 lbs.) Democrat DiSalle, a man of notable affability even in his harried term (1950-52) as President Truman's Price Administrator, is determined not to fail. Already he has irritated educators, businessmen and politicians with a tighten-up-and-tax budget. And last week he incurred the wrath of Ohio's powerful A.F.L.-C.I.O., which backed him heavily in his campaign last fall...
From the Council of Economic Advisers came a report confirming what most businessmen suspected: profits are back to prerecession levels, and climbing. At $21.6 billion for the fourth quarter of 1958, after-tax profits showed a $3 billion jump from the third quarter; undistributed profits, or the money companies still have after taxes, dividends, etc., were up to $9.8 billion, the highest level since the first quarter of boom year 1957. The high profit level, plus the assurance of a fine first-quarter report for 1959, gives U.S. industry plenty of money in the bank to keep the recovery rolling...
...Straus, a director of his family's R. H. Macy & Co. and an economist who served ably with the Economic Cooperation Administration, to study the situation with an eye to formulating a new Government policy. Last week, after distilling answers from questionnaires sent to 955 key U.S. businessmen, Straus issued a report that the State Department heartily endorsed as "a new and fresh look" at the problem...
...line that a large amount of administered pricing is inherent in the modern economic system. Says he: "Those who deplore it are wasting their breath. The problem is to understand it and to live with it." The overlooked truth that Galbraith and others come back to is that businessmen today cannot operate on prices that run up and down like a boiler-room thermometer. They have to have prices stable over a period of time. They make labor contracts that run for years, buy raw materials on contracts that run for years, develop and launch new products that take years...
...Japanese businessmen are slow to hire educated girls for decent positions. A girl college graduate says bitterly: "Yes, I can get a job in business, all right: serving tea to the office help." The Japanese male is proving skittish about marrying the emancipated female. He wants an old-fashioned girl just like the girl who married dear old Dad: thrifty, a good cook, plain rather than pretty, cheerful, obedient, and with "just enough spunk to make life interesting...