Word: businessmen
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Dates: during 1970-1979
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...That would lead at a minimum to a halfpoint jump in consumer prices because oil is used not only for fuel but also as a raw material in chemicals, synthetic fibers and many other products. Rising fuel charges also will prod workers to demand more pay, which businessmen will pass on in higher prices. And as more dollars flow abroad, the greenback's value will tend to slump against other currencies, and Americans will wind up paying more for imports. The impact on the U.S. trade deficit, which last year reached a record $28.5 billion, will also be severe...
...since the turn of the century have so many Western businessmen been so determined to cash in on China's vast promise. The question both for outsiders and for the Chinese is whether the world's most populous nation can really modernize .its poor and backward agrarian economy in a mere 20 years. That is China's ambitious goal, but economic realities have already forced Peking to reconsider some of its grand plans...
State Rep. Barney Frank '61, a lecturer at the Kennedy School, advocated deregulation, saying that, "Unlike most businessmen, regulated truckers can get together in private and agree to fix their prices--they can get the ICC to keep most of their competitors from even getting into the business at all. We think that's very inflationary...
There are many safeguards against a sharper recession. Generous unemployment benefits and the rise of two-income families will keep personal income and spending high even when layoffs hit. The Government has set up many federal mortgage lending institutions that will keep housing from falling through the floor. Besides, businessmen have cautiously avoided the excesses that in the past have led to precipitate tumbles. Inventories in warehouses and on store shelves are lean, although Otto Eckstein, head of Data Resources Inc., notes that the Iranian crisis and fear of an oil crunch have lately moved some businessmen to stock...
...drawn up by the Council on Wage and Price Stability (COWPS) to enforce Jimmy Carter's Stage II guidelines. The rules were supposed to put some muscle into the White House's campaign against inflation, but they have become a source of bafflement for lawyers, accountants and businessmen everywhere...