Word: businessmen
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Dates: during 1970-1979
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With production heading higher, unemployment dropping and profits climbing, businessmen by all rights ought to be bullish. Quite the opposite: last week brought two new signs that they are still deeply worried. The stock market, that sometimes distorted mirror of investment hopes and fears, tumbled 22 points, as measured by the Dow Jones industrial average, to a 34-month low of 753. And a McGraw-Hill poll of executives in eleven industrial countries found U.S. businessmen second from the bottom in confidence about the future. Only profit-pinched Belgian managers were more apprehensive...
Equally ominous, spending on research and development has fallen from 2% of gross national product in the mid-1960s to 1.5% today, partly because research projects often will not yield a return until well into what businessmen see as an uncertain future. Both the rise in hurdle rates and the decline in R. and D. indicate that the hired managers who run corporations today are more fearful of taking risks than the venturesome owner-managers...
...more." What is beyond question is his continuing closeness to Jimmy Carter. Lance sees or speaks with Carter about twice-a month, often over lunch in the White House. He also performs special tasks for the President. For example, Lance, among others, was given the job of phoning key businessmen to tell them-before the news was announced-that Carter had decided to nominate William Miller as Federal Reserve Board chairman. When the State Department tried to withdraw Lance's diplomatic passport after he left office, the White House intervened to let him keep it, because, some Carter aides...
...Games in Rome. The blithe boy-child stepped off the plane spouting poetry and singing of his possibilities. He was bold?some said brash?with hopes and dreams, but much seemed within the reach of American aspirations in those freshening days. Cassius signed with a syndicate of wealthy Louisville businessmen, who underwrote his early training as a professional fighter against a 50% belief in purses to come. He had been boxing since the age of twelve with the heavyweight title as his unwavering goal, and he was willing to pay any price, bear any burden to fulfill his vision...
Still, Panama's economy is weighted toward service industries, and there lies the biggest growth potential. Some businessmen think the government should expand the single-track Panama Railroad to handle more traffic in the containers borne by ships too large to navigate the canal. The free-trade zone in Colon already contributes 7½ % of the gross domestic product; the zone could spread onto American-occupied land near by that would be ceded to Panama under the treaties. Panamanians are even now enlarging the country's international financial center, an outpost of 81 banks from all over that...