Word: businessmen
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Dates: during 1950-1959
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Anyone who searched the U.S. economy last week could find evidence to support almost every shade of opinion, from rose to deepening blue. The statistics, as they have been for months, were mixed. Yet an increasing number of businessmen-and many more Wall Streeters-seemed to be looking only at the dark spots...
...evidenced by the National Association of Purchasing Agents, which reported that its members "have lost some of last month's optimism." In many ways that was a hopeful rather than a pessimistic sign. The Federal Reserve has been battling with its tight-money policy to hold down overambitious businessmen, discourage excessive expansion and marginal operations. Having nipped the bubble off the boom with increasingly tight money, the Federal Reserve would now have to judge how much optimism has been quenched, and when it will start turning into business-cramping pessimism...
...nine-man city council whose makeup is determined not so much by personal ability as by quotas, e.g., five Catholics, three Protestants, one Jew. In twelve years the council has never defeated a Lawrence proposal. His Republican opposition is weak and disorganized; Pittsburgh's top Republican businessmen like Lawrence's record of civic progress, have given precious little support to his opponent in next week's election, former Common Pleas Judge John Drew...
...India's Minocher Masani pointed to the success of India's Forum of Free Enterprise−a voluntary association of enlightened businessmen to tell the local people how responsible, creative capitalism works in other countries...
...check inflation, said President Alfred Hayes of New York's Federal Reserve Bank, but it cannot risk relaxing credit restrictions while living costs continue "their seemingly inexorable rise." When the proper time comes, said Hayes, the Fed will "work the other side of the street." As for businessmen, General Electric President Ralph Cordiner reflected the feelings of many when he reminded the U.S. that it rests on an unparalleled economic plateau. Said Cordiner: "There are at least four long-term forces at work to reassure us as to the underlying strength of the economy−the needs...