Word: businessmen
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Dates: during 1970-1979
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...rents (tractors and furnaces burn fuel). So consumers will be obliged to buy less of almost everything else, notably cars, appliances and other durable goods. Squeezed by tight money, the construction rate of new homes and apartments could go as low as 1.2 million by March. As demand wanes, businessmen will further reduce production and inventories. But by late fall or early winter, their shelves and warehouses will be fairly empty, and they will have to stock up with new orders. This should send the economy up again...
...disastrous. With the exception of Beryl Sprinkel, who figured that there is almost a 50% chance that the President will go for controls, most board members gave that prospect only a 20% to 40% chance. Carter first would need congressional authority and, as the debate raged on Capitol Hill, businessmen would rush to raise prices to get in under the wire. Further, board members argued, controls would not affect three major sources of price increases: OPEC; Federal Reserve Chairman Paul Volcker, who does so much to set interest rates; and God, who creates the weather that determines the size...
There is considerable skepticism, however, even in the U.S. Government, that economic retaliation of any kind will provide enough pressure on Iran to force the hostages' release. Confides a Government economist: "There may be a lot of wishful thinking by the Administration on this. Businessmen are very resourceful. Wherever there is a buck to be made, there is always going to be a sizable group of clever people who will get around an obstacle, even an outright embargo." U.N. sanctions against trade with Rhodesia since 1966 and against arms sales to South Africa since 1977 have posed no insurmountable...
...early this year and now charges a robust $34 per bbl., except for what is sold to Israel. Egypt reportedly agreed to sell oil to the Israelis at a price of roughly $27 per bbl. in the hope that this would encourage investment in Egypt by Jewish-American businessmen. Oil-exploration deals have been signed with a number of Western firms, and hopes are high that new strikes may be made in the Sinai, the Gulf of Suez and the Western Desert. Oilmen reckon that by 1982 Egypt may nearly double its production to 1 million bbl. a day, which...
...Flansburg, who patiently shares his expertise with hordes of out-of-state journalists, says he writes for "the boys around the stove in my father's hardware store in Tiffin, Iowa. You have to speak plainly or get your ass chewed." The boys, he quickly adds, are sophisticated businessmen who run farms worth millions of dollars. Says Gartner: "The Register reader cares more about news and current events than people in other places...