Word: businessmen
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Dates: during 1950-1959
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...running out on another hugand-tug type of foreign diplomat in Washington. Name: Mikhail Alekseevich Menshikov, ambassador of the U.S.S.R., who has carried Dictator Khrushchev's stop-nuclear tests and let's-have-a-parley-at-the-summit propaganda to the U.S. public via TV press conferences, businessmen's dinners and cultural wingdings with such sincere style that he got the nickname of "Smiling Mike" (TIME, March 17 et seq.). Sample exchange: Q. How can we trust you on stopping nuclear tests when you violated the armistice in Korea? A. I think we should believe each other...
...heavily traveled road from Amman to Jerusalem there are eight police checkpoints. Jordanian passengers in cars and buses are searched to the skin for arms. Almost all the Palestinian refugees (there are half a million in Jordan) are hostile to Hussein's government. Taxi drivers and civil servants, businessmen and doctors (first looking cautiously over their shoulders) admit to being pro-Nasser and anti-Hussein. A government censor scans the Amman newspapers to be sure they contain nothing critical of King Hussein; yet he also smilingly taps a picture of Egypt's Nasser and observes: "A good...
...C.E.D. charts seem to be more proof of the correctness of the Administration's course in opposing loud congressional demands, and some by businessmen, for heavy tax cuts and a vast program of Government spending. According to C.E.D.'s graphs, neither course would necessarily have accelerated the recovery. Despite 1954's tax cut, personal income took 14 months to regain and hold lost ground. This time personal income is almost back to pre-recession levels in ten months, without any reduction in taxes. At the start of the 1949 recession, Government spending was sharply increased, yet employment...
Where does the U.S. economy go from here? On C.E.D.'s charts a major booster out of the 1949 and 1954 recessions was the turnabout in inventories. In the 1949 recession businessmen continued to liquidate inventories for more than a year, in 1953-54 for 15 months, before any sizeable upturn took place. This time the rate of inventory liquidation seems to be bottoming out after two quarters, though no one is willing to predict any heavy accumulation in the near future. Business outlays for new plant and equipment are a more worrisome problem. The 1958 slide in expansion...
...BREAK OF $260 million for small businessmen has been approved by House, is expected to pass Senate. Small businessmen may take 20% first-year depreciation on first $10,000 worth of investment in new equipment, will get more liberal tax reductions on business losses...