Word: businessmen
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Dates: during 1970-1979
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Unemployment is down, inflation up. Houses are selling fast, cars moving slowly. Consumers are spending freely, businessmen deferring plans to build plants or buy machinery...
Such are the jolting contrasts that make the U.S. economy a puzzling picture at the moment?as, indeed, it has been during most of Jimmy Carter's first year in the White House. To the public at large as well as to economists and businessmen, the contradictions appear to mirror an equally mixed-up management of the economy by the Carter Administration. Policy zigged from talking up a tough tax reform to abandoning most of it, zagged from professing unconcern about the dollar's slide to intervening actively in currency markets to prop up the greenback. Noting Carter's propensity...
More important, businessmen from Wall Street boardrooms to Main Street hardware shops have developed a set conviction that the Administration is unwilling, or perhaps unable, to craft any consistent, coherent economic strategy. That mood of mistrust is dangerous, not just to Carter but to the nation. As the White House now clearly recognizes, consumer spending has done about all it can to prolong the U.S. economic expansion; continued growth in the next two or three years will depend largely on business spending for new factories, new machines and, ultimately, new jobs...
Police last year seized 11,441 small arms, 937,711 bombs of various kinds and almost 15,000 lbs. of explosives. They also made 590 arrests throughout the year in connection with terrorist acts. These ranged from murder to a spate of leg shootings of journalists, lawyers and businessmen -including, in separate attacks, seven employees of the Fiat automobile company. Industrial sabotage and arson caused more than $55 million worth of damage to factories, not counting numerous minor bombings of public buildings, government offices and party clubs all over the country...
...week, it seemed that the nuclear plant deal had been locked up by Westinghouse's chief competitor. General Electric. The Philippine National Power Corporation had finished preliminary feasibility studies by early 1974 and had signed a contract with G.E.'s local consulting firm. According to knowledgeable Philippine businessmen, Marcos then unexpectedly intervened and stunned a number of advisers by ordering that the profitable contract be awarded to Westinghouse instead...