Word: businessmen
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Dates: during 1970-1979
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...other prop for business confidence is Federal Reserve Chairman Burns. Under Burns' management, it is true, the money supply for the past year has bounced up and down erratically, and has generally increased at a rate that most conservative monetarists consider to be too inflationary. Nevertheless, many businessmen fear that if Burns is not reappointed, the money spigot may be turned on even more fully. Says Gabriel Hauge, chairman of New York's Manufacturers Hanover Trust Co.: "The key to a long life for this expansion is a sustainable pace, and to that end policymakers must resist...
Nothing unnerves businessmen more than the Carter proposal to toughen the treatment of capital gains, and tax them at the same rates as salary income. Such a change would further hamper capital investment, which is crucial to economic progress and job creation. This centerpiece of the tax program is the most likely to be deferred. Yet Carter will probably attempt to raise taxes on income earned abroad by subsidiaries of U.S. corporations and on export earnings of companies that set up domestic international sales corporations. He may try to pare deductions for gasoline taxes, sales taxes and medical expenses...
...environmentalists, whom she derides as radicals who "hate people." Ray's explanation: "The only way they like the earth is when it has no people on it ... because people, of necessity, change the environment [and] use its resources." But many others in the state, including farmers, fishermen and some businessmen, worry about her views on growth?that she wants to go too far too fast...
Seattle is a city that works-rand works very well -largely because it has a cadre of civic-minded businessmen who have become a kind of separate branch of government, willing to devote time and talent to improving the culture and commonweal. When one of these leaders has an idea, he has little trouble rounding up a dozen others and hammering out a plan of action...
...Cabinet ministers, most of whom were political appointees, and named a new team chosen on the basis of merit. A prime goal of the shakeup, Fukuda indicated, was to pump up the domestic economy, which should not only please Japanese consumers and workers but give businessmen more incentive to sell at home rather than abroad. Underscoring Japan's concern about its strained trade relations with the U.S. and Europe, Fukuda also created a new Cabinet post, Minister of External Economic Affairs, and named Nobuhiko Ushiba, 68, a former Ambassador to Washington, to fill it. Ushiba will act as liaison...