Word: businessmen
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Barre must also confront the curious fatalism that has developed among the French about the prospect of a Socialist government with Communist members. It is an adventure that no longer frightens many of them. Even some businessmen who once recoiled in horror at the idea seem resigned to living with it. It is Barre's job to help Giscard convince Frenchmen otherwise, because so far they have not been impressed by Giscard alone...
...previous recoveries. The shortfall, figures J. Stanford Smith, chairman of International Paper Co., has cost the nation 400,000 jobs that would have been created if investment had risen as rapidly as in past rebounds. Walter Heller, a member of TIME'S Board of Economists, complains that businessmen seem to have no "animal spirit...
...still jittery about potential wage-price controls, which could hold down the profits from new plants. Many executives seem convinced that Carter will resort to them if inflation gets out of hand, despite repeated Administration assurances to the contrary. Says a White House economist: "No matter what Carter says, businessmen still think he's going to turn around in twelve months and slap on controls. It's an irrational fear." Shifting regulatory policies is another worry. Businessmen are not about to make big investments if they think a new regulation, say in the environmental area, will jack...
Carter has tried to encourage business spending by including in his economic-stimulus program an increase in the investment tax credit from 10% to 12%. But the House turned it down, and the Senate has yet to vote. Even if it finally passes, businessmen have one last, and huge, investment-inhibiting worry: energy. Previous plant-expansion booms were based on the assumption that plentiful supplies of cheap fuel would be available to power the new factories, and that assurance is now a thing of the past. Largely for that reason, says Economist John Rutledge, who was a Treasury Department consultant...
...would mean a lowered standard of living for future generations; business would lack the plant capacity either to reach full employment or to fill demand for products without inflation. This does not have to happen, of course; but in order to pump up investment Carter will have to convince businessmen that he can and will hold down inflation now and assure adequate if expensive supplies of energy. It is a pressing task...