Word: businessmen
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Dates: during 1970-1979
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...seemed like old times. The language was enriched. "Fig leaf," said Kennedy. "Baloney," said Carter. "Botched the job," charged Ford. "Reckless . . . failure," roared Bush. There is room for rhetorical improvement, but at least there is some passion. The juices are flowing. Labor bosses are sorting through the possibilities. Businessmen are hustling money. Young matrons, bored for too many months, are choosing up sides, stuffing their salons with contributors, advancemen and bearded campaign strategists...
...worked closely with several Japanese suppliers in developing its computer technology, which it protects like a mother bear guarding her cubs. Yet such technology is precisely where the U.S. has an edge, and could expand in what will be a growing industry in years to come. For many American businessmen and politicians, the NTT case is a perfect example of how Japan's cartel-like industry, in alliance with major trading houses, is able to preserve its profit margins by holding sway over the ruling Liberal Democratic Party, which is largely financed and backed by big business and farmers...
Most of America's real money-the big money-goes to its small businessmen, entrepreneurs and professionals...
More agile Hong Kong businessmen have started to shift some of their production to China, which has what the overcrowded colony lacks: plenty of space and unskilled labor. Already 200 firms have some operations in China-mostly of the labor-intensive kind-and 200 more expect to set up shop there by year's end. For example, Hong Kong's Asia International Electronics Ltd. sends components for its radio/tape cassette players to factories in Peking, where they are put together before being shipped back to the colony for final assembly and export. The Chinese workers are paid...
...minority of businessmen wonder if Hong Kong may be undercutting itself by shifting operations to China. Says Jack Tang, chairman of South Sea Textile Manufacturing: "In effect, you're setting up a plant with the latest machinery and you're teaching the mainland Chinese production and marketing. When your contract expires, you find that you have just created more competition for yourself...