Word: businessmen
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Dates: during 1970-1979
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...employment explosion." Surprisingly, employment is growing much faster than production; new jobs are opening up at a rate of 4 million a year. Productivity has declined sharply, so perhaps more people are needed to do the work. But Eckstein points to one big reason for the jump in jobs: "Businessmen see a lot of demand out there, and they hired many people because they know that business will be good this year...
...Washington University's Murray Weidenbaum -figure that unless the Government can reduce the growth of spending and the budget deficit, Carter's latest anti-inflation campaign, aimed at jawboning down prices and wages, will fail. Indeed, Weidenbaum argues that the Administration's drive is making businessmen fearful of sterner price guidelines ahead. So they are motivated to raise now "rather than be caught with their prices down...
...prudent actions on money have so far earned high marks from bankers and businessmen. He is widely regarded as one of Carter's best appointments in an Administration that has more than its share of second-raters. But a shadow of sorts hangs over even Bill Miller. While he was Textron's boss, its Bell helicopter division paid off foreign officials and influence peddlers to boost sales. Miller insisted during his confirmation hearing, and again last week, that the payments were made by lower managers without his knowledge. The Securities and Exchange Commission is investigating, and Miller stands...
...result of a 1976 tax code amendment that would sharply increase their taxes. The amendment would add much to the costs of firms doing business abroad and hurt the nation's trade balance by making it harder to sell U.S. goods and services in foreign countries. Businessmen have protested so persuasively that Congress delayed enactment of the amendment for one year and has been dallying over the matter ever since...
...engineering firms in the Middle East, where living costs are exorbitant. Some are replacing American managers and construction workers with recruits from Europe, Canada and Japan. Explains an Aramco official in Saudi Arabia: "Under the new law you can get two Britons for what one American would cost." Businessmen worry that U.S. exports will suffer because non-American supervisors will tend to order equipment from their own countries, where they know what is available, instead of from...