Word: businessmen
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Dates: during 1970-1979
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...teen-ager an opportunity to go to college became a mark of American grandeur in the world. It was a silly delusion." Northwestern's Ellis puts it more simply: "We let ourselves get fat." Sound management principles were ignored. Argues Sumner G. Rahr, a fund-raising consultant: "The businessmen on college boards didn't apply tough financial standards at board meetings. They figured, 'Oh, the nuns will come through again,' or 'Old Mr. Chips will bail...
Guarantee the Product. To prove that, say, biology graduates can distinguish fish from fowl, Mars Hill College, just outside Asheville, N.C., backs its diplomas with special tests that lead to "competency" certificates. Results: more than $3 million in federal and foundation grants, and grateful businessmen who hire the certifiably competent graduates...
Macabre as the garments seemed, the wonder was that there was any joking at all among the 30,000 U.S. citizens remaining in Iran. For most of them-Government employees, military advisers, businessmen, technicians, teachers-life has been a matter of steadily rising tension, isolation and harassment as the anti-Shah demonstrations have taken on an ever more anti-American tone. Most have endured it anxiously but stoically. Says a U.S. oil executive in a southern oil-producing region: "So many of us have sent our families away and are half packed that there aren't many more measures...
...anyone doubts the potential for export, let him consider the case of China. Not long ago, that market seemed hermetically closed. Now Western businessmen dream of selling just one handkerchief to each of the 1 billion Chinese; that would be enough to keep two or more big textile plants rolling for a year. Lyet got onto that new frontier rather early. He visited the Middle Kingdom more than a year ago, and soon thereafter Peking placed with Sperry one of its first significant orders for Western computers...
...dollar's decline, 28% since December 1976. Despite huge oil revenues, eight of the OPEC member nations ran deficits in the first half of 1978; as a group, they became the biggest international borrowers, with a total of $5.2 billion in loans and withdrawals. Surprisingly, many American businessmen do not blame OPEC for raising the price as much as it did. "If you take an 18-month time period," says Carlton Jones, manager of energy analysis at Pace Consultants & Engineers in Houston, "the increase is less than U.S. inflation and doesn't cover the dollar devaluation during that...