Word: businessmen
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Dates: during 1950-1959
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...used contacts in a Teamster union local to grab control of the Greater New York Carting Association. Bringing the cartmen into line, even to the point where owner-drivers had to join the union, Squillante's hold became such that he could, at a whim, leave thousands of businessmen and householders with garbage piling up day by day on the sidewalks...
...borrowed Giacomo Cardinal Lercaro's squad of 20 "Flying Friars" (TIME, Dec. 7, 1953), whose trucks carry loudspeakers, altars and confessionals. From all over Italy he hand-picked a corps of 800 preachers belonging to all religious orders. He lined up the cooperation of Milan's officials, businessmen and non-Communist Labor leaders. Aim of the mission is not converts but "to strengthen man's filial ties...
...approved a cut in the discount rate from 3½% to 3% by Federal Reserve Banks in New York, Richmond, Atlanta and St. Louis. The remaining eight districts were expected to follow soon. Next day the stock market reversed its bearish decline of recent weeks (see below), and U.S. businessmen everywhere breathed a sigh of relief...
Under different circumstances the Federal Reserve might have chosen some less spectacular method, such as open-market operations to increase bank reserves and ease credit. It chose a flat cut in the rates it charges member banks on loans as a dramatic signal to businessmen that it has changed its policy. The increasing worry of economists is not the state of business itself but the businessman's view of business, which has turned alarmingly sour in recent months. Said White House Economic Adviser Gabriel Hauge: "Business is better than business sentiment." And for this lack of confidence the Federal...
Criticism of Benson has reached its peak in the last few months, and can only be expected to increase as the '58 elections draw nearer. Despite the coalition of cattlemen, businessmen, and the American Farm Bureau Federation being formed to save Benson, it is likely that Benson will choose to resign in February...