Word: businessmen
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Dates: during 1970-1979
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...that the entire plant can discharge. This is called the "bubble concept" because environmental regulators will treat a plant as if it were contained in a bubble and all its pollutants emerged from a single hole in that bubble. By any name, the policy will go far toward satisfying businessmen's common claim that they can control pollution more effectively and cheaply if regulators simply set overall standards and let the businessmen decide how to meet them...
Thus the policy stands to free up much investment money for new plants, improved productivity and more jobs. Regulators and businessmen agree that giving managers more freedom of choice will motivate them to develop more efficient, economical methods of fighting pollution. Example: the old regulations required Armco to install about $15 million worth of pollution-control equipment at its steel plant in Middletown, Ohio. Under a pilot project for the bubble plan, the company chose instead to spend $4 million to pave parking lots, seed other areas and put in sprinklers that will suppress iron oxide dust. These measures...
...between the U.S. and Iran, and the battling is shaking the money markets. Lawyers last week went on a suing spree, grabbing up Iranian corporate and industrial assets not only in the U.S. but also in West Germany. The free-for-all rush after Iranian booty put investors and businessmen on edge, rattled money markets and in the process helped send the dollar into a renewed slide while pushing gold back up to more than $400 per oz. In the scramble, banks even wound up suing each other. Lamented one London finance man: "The situation is total confusion." Added...
...only is the VAT regressive--it is also very complicated. In Europe it has earned a reputation for simplicity only because it replaced a vastly more complex system of business turnover taxes. But in the United States experts predict that the VAT will force businessmen to spend much more time keeping their ledgers in order. By creating more paperwork, the VAT may push marginally profitable enterprises out of business...
Jerry Brown: The Democratic long shot no longer attacks businessmen as profit-grubbing plunderers of the environment, but he is having trouble fitting his "small is beautiful" philosophy to the realities of a $2.4 trillion economy. Brown convincingly argues that the nation's throw-away economy squanders scarce resources; yet he would vastly expand exploration of outer space even though the payoff is doubtful at best. He calls for a ban on new nuclear power plants and would give much more of a subsidy to solar power, though almost every study shows that over the next two decades solar...