Word: businessmen
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Dates: during 1950-1959
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Before publication, a section of the book dealing with sexual depravity was printed by an obscure leftist monthly. Dolci was arrested, found guilty of publishing obscenities and sentenced to two months in jail. Leftists, intellectuals and even progressive businessmen such as Typewriter Tycoon Adriano Olivetti leaped to his defense; pro-Dolci committees were organized in ten major cities...
Nevertheless, the bill is hotly opposed by many businessmen. The National Association of Manufacturers notes that scandals have centered in labor and jointly controlled welfare funds, insists that trusteed company pension plans should be left alone. The American Bankers Association feels that federal regulation of all pension plans is unnecessary interference with the bankers who have run them for years with few complaints. The U.S. Chamber of Commerce argues that full disclosure of pension investments could unbalance the stock market, that prices would gyrate as the public followed the big funds' buying and selling...
This was a blow to the hotel's creditors, mostly local businessmen. They appealed to the State Tax Commission to show the proper Las Vegas spirit and give the hotel one more chance to get even. From the sympathetic commission came approval of an unprecedented experiment: an eight-day trial to see if the Royal Nevada could separate enough cash from Christmas season gamblers by the end of the year to pay its bills...
...Businessmen found less cheery news on the credit front. Money was about as tight as in November, when the Federal Reserve Board cut its discount rate from 3½% to 3%, and there was a growing grumble of complaint about it. Last week Harvard Economist Sumner Slichter added his voice. Tight money, said he, is actually defeating the Fed's purpose of fighting inflation. Wrote Slichter in Business Scope, a biweekly published by professors: "The present recession is largely the result of overdoing credit restraint, and is causing us to consume valuable inventories of goods and to reduce...
...academic that he forgets to undress and dress her, striptease fashion. Her final disposition, and the outcome of the struggle for the presidency are fairly routine. Along the way, U.S. students are denounced as dumb fat-cats, professors are cast as unimaginative hacks, trustees are pilloried as cynical businessmen whose least interest is education, and foundations are pictured as troughs fought over by piggish college presidents. Being a professor, an ex-college president and a foundation man himself (Foundation for World Government), Author Barr writes from the inside. There is, unfortunately, too much truth in this cynical and sometimes heavily...