Word: businessmen
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Dates: during 1970-1979
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...House. After he fell from power, it provided an elegant refuge. But Richard Nixon is moving out of his San Clemente estate. Inflation has pushed the upkeep of the twelve-room, Spanish-style villa beyond his pocketbook, and last week he sold it to a group of Orange County businessmen for an undisclosed...
Alan Greenspan, economic consultant to major corporations, is concerned because businessmen have lately gone on an ordering spree, in an effort to build up stockpiles of parts and materials for fear of shortages ahead. He fears that inventory accumulation could be strong until the recession becomes apparent in the autumn, and then businessmen would abruptly cut back on orders, plunging the economy into a deeper slump. Says Arthur Okun, senior fellow at Brookings: "Paradoxically, we may have too much business confidence...
Since Bert Lance left, the White House has suffered by not having any top ambassador to business. Robert Strauss got close to the job for a while, but then was sidetracked into foreign trade and Middle East policy. Businessmen consider Treasury Secretary Michael Blumenthal to be too wounded by sniping from the White House's Georgia Mafia to be an effective envoy. Commerce Secretary Juanita Kreps is the Cabinet's best bridge between the White House and business, but, says Jack Carlson, "she heads a weak Cabinet department and does not have the clout...
...brighter side, businessmen note that they have fairly easy access to Carter's aides, if not the President himself. For example, after they made clear their stern opposition to Senator Edward Kennedy's bill that would ban conglomerate mergers, they were gratified that the President pointedly did not endorse it. In addition, business people are pleased that Anne Wexler, an assistant to the President, seems to be assuming more responsibility for corporate relations, and they are taking many of their problems to her. Wexler says that business, like all lobbying groups, will never get all that it wants...
...Washington, Federal District Judge June L. Green dismissed Sears' complaint with the tart observation that "realization of the national policy of genuine equal opportunity for all citizens is a formidable task, but it isn't beyond the notable skill and competence of Sears." A number of businessmen, who also find the regulations murky, felt that the real purpose of the suit had been served, as one competing big retailer put it, by "spreading the word of protest against Government employment interference." But the key fact was that the courts once again affirmed that affirmative action is here...