Word: businessmen
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Dates: during 1950-1959
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...Businessmen, consumers and the Government are all formulating new rules, and the recession was the test of how well they worked. The new economy (see BUSINESS IN 1958) is as different from the old as the soaring bull is from the bawling calf...
Cautious and deliberate by nature, A.F.L.-C.I.O. President George Meany has a terrible temper when pressed-and Postmaster General Arthur Summerfield pressed him. Unless businessmen get into politics, Republican Summerfield warned the National Association of Manufacturers fortnight ago, "candidates hand-picked by union bosses and elected by the campaign activities directed by union bosses will come to dominate the halls of Congress and, Heaven forbid, eventually perhaps the White House itself...
...dangle as bait to U.S. firms. But they do offer other advantages, topped by free convertibility. "There is no trouble here in transferring dividends,'' says the chief of Guaranty Trust Co.'s Belgian branch, Elie Delville, a pioneer in the campaign to boost Belgium to U.S. businessmen. "You can walk into this office today with Belgian francs, and without formalities buy $1,000,000 for delivery in New York...
...heaviest pressures on the economy. Manufacturers' inventories of finished goods in October held to the same $48.9 billion level as September, the first month since August 1957 that manufacturers did not cut stocks. Instead of living off their stocks, as they had been for a year, businessmen were stepping up their buying again. One immediate result was a lessening of unemployment. The Labor Department reported that employment picked up in most of the nation's major industrial centers last month. Six areas were removed from the substantial unemployment list (Indianapolis, Minneapolis-St. Paul, Fort Worth, Dayton, Hamilton-Middletown...
...members like to hear, Summerfield warned that "America today teeters on the precipice of a labor-bossed Congress." was sure that President Eisenhower will propose legislation to protect workers "from exploitation by unscrupulous and corrupt union bosses." Unless antitrust law principles are applied to the "labor-boss monopoly" and businessmen become active in politics, he said, government and, "heaven forbid, eventually perhaps the White House itself" may be dominated "by a militant group of labor union bosses...