Word: businessmen
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Dates: during 1950-1959
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...Pure Bunk." The most serious worry for 1958 is the Government's continuing tight-money campaign in the face of an economic slide, however slight. Speaking before the American Finance Conference in Washington last week, White House Economic Advisor Gabriel Hauge assured businessmen that the Administration is ready to cushion any downturn with "flexible policies, adapted to changing conditions." It was flatly untrue, said Hauge, that the Government was out to cause a "little recession," to keep the economy healthy. "I want to label that for what it is-pure bunk. Nor does this Administration believe that a little...
WHEN U.S. businessmen contemplate the peacetime uses of atomic energy, the talk revolves around huge nuclear-power plants to generate electricity. But while the nation's first large-scale nuclear-power plant has yet to be built, another form of atomic energy-the radioactive isotope-is already quietly at work in 250 of the biggest U.S. companies and 1,400 smaller firms, helping businessmen search out raw materials, create new products and make old ones faster, better and cheaper than ever before. Although isotopes are still in their commercial infancy, the Atomic Energy Commission estimates that industry...
Japan's businessmen have a happy phrase to describe their resurgent economy: Jimmu kieki-the biggest boom since the days of the legendary Emperor Jimmu, who founded the Japanese empire in 660 B.C. In five years the gross national product zoomed 62.5% to $25 billion annually, while industrial production jumped almost 100% to 219 on the 1934-36 index. But last week Japan had two somewhat more sober phrases to quote: naka-darumi, meaning pause, and oi-uchi, meaning a tightening. The pause in the boom had been brought about by the credit pinching of Finance Minister Hisato Ichimada...
...there is a growing suspicion among economists and businessmen that the accuracy of the index leaves a lot to be desired. In the first place, the index is not supposed to be a true measure of the cost of living. As the Bureau of Labor Statistics points out, it is only a measure of what families in the under-$10,000-a-year bracket, living chiefly in cities, pay for the "market basket" of 300 goods and services that such representative families presumably buy. The index shows the price increase since 1947-49, the base year, but no economist regards...
There were other rewards. For the last 30 years, Grace has ranked among the ten highest-paid U.S. businessmen. Last year his $809,000 salary and bonus topped the nation's list. But stockholders felt that he had earned it. During his 41-year regime Grace boosted Bethlehem's capacity from 1,000,000 tons to 20 million tons a year, recently started a $300 million expansion that will add another 3,000,000 tons. As he stepped down, Beth Steel was in glowing health. While other makers operated at about 80% capacity, Bethlehem was pouring...