Word: businessmen
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Dates: during 1970-1979
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Since then, U.S. businessmen have managed to make do by exploiting Nicaragua's gold mines and controlling its benking industry. All brought to you through the courtesy of the Somoza government, which made exploitation easy. When things got hot, he declared all nine opposition parties illegal, including a tiny band of radicals who called themselves Sandinistas, and had their members arrested and tortured...
TIME asked a variety of historians, writers, businessmen and others in public life, "What living American leaders have been most effective in changing things for the better?" Reflecting the continuing problem of leadership in the White House, no one named Gerald Ford, Richard Nixon or Jimmy Carter. The great diversity of the people chosen mirrors the fragmentation of American society, one of the problems for leaders. The nominees ranged from relatively predictable to almost shocking...
...switched from an executive vice presidency at Xerox to the presidency of LTV. Gerald Meyers rose from vice president to chairman and chief executive of American Motors. Economics Professor Marina Whitman will start next month as chief economist and vice president at General Motors. The biggest losers among the businessmen were Arthur Taylor, eased out of the presidency of CBS, and Richard Kattel, the boy wonder of Atlanta's go-go banking days, who resigned his chairmanship of Citizens and Southern National Bank. The Comptroller of the Currency had classified $11 million of the bank's loans...
...money supply. Instead he advocates a new hands-off approach known as the theory of "rational expectations," which contends that longterm, stable monetary policies encourage public confidence and hence lead to increased economic growth. Though Willes has had little influence on the Fed's thinking, his arguments are reaching businessmen and commercial bankers...
Cleveland is the city of oppression. Sordid, evil, satanic oppression. Billowing oppression with smoke so thick that it bogs down the flight of birds and raises important questions on genetic mutancy. A million people living under a smokestack. A helpless mayor and a cityful of businessmen controlling the smog from their air-conditioned suites. And a baseball team so hot and so cold that--for a few years, anyway--Cleveland is worth keeping...