Word: businessmen
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Dates: during 1950-1959
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Barred by the state constitution from borrowing more than a piddling $150,000 directly, Soapy turned last February to Michigan's big businessmen, many of whom deeply dislike him. To the heads of 23 corporations he sent personal letters asking them to pay in advance some $28 million in state business taxes due between mid-March and mid-May. Despite their distaste for Soapy's big-spending habits and his longstanding political palship with United Auto Workers President Walter Reuther. the corporation bosses helped out; General Motors alone put up $13 million. But this bailout only postponed...
...evening. Their usual excuse is that their employers, for business reasons, insist that they attend numerous geisha parties, where much of the nation's business is still transacted. In the geisha houses, the jokes and sake drinking have not changed in a thousand years. Tipsy politicians and businessmen play such children's games as "scissors, paper, rock" or the passing of lighted tapers until they go out, to determine who must drink penalty cups of sake. When not being pinched or fondled by male guests, the modern geisha sings, plays the samisen or unexpectedly breaks into a rumba...
...instead of "giving money to a foreign government to build a project," should hire a private U.S. operator to do the job. The U.S. should also establish an Office of Private Participation, manned by businessmen and Government career men who would "plan for the maximum use of private capital resources on each project and in each country program...
Though the Treasury has long opposed such cuts, it is beginning to heed the rising chorus from businessmen that a tax slash would actually benefit the budget by reducing the need for foreign aid. Last week the Treasury was actively considering some tax concessions to spur foreign investment...
...rewrite the laws as soon as possible to close the loophole before it gets any bigger. He will probably win his point. Aside from a few coal men and quarry operators, who argue that their crushing and washing operations are so basic that they should be included, most businessmen agree that the allowance could rapidly become too much of a good thing...