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...join the board of the Columbus Savings & Loan Society, a modest bank in North Beach, the Italian section of town. Giannini soon found himself at odds with the other directors, who had little interest in extending loans to hardworking immigrants. In those days banks existed mainly to serve businessmen and the wealthy. Giannini tried to convince the board that it would be immensely profitable to lend to the working class, which he knew to be credit worthy...

Author: /time Magazine | Title: America's Banker: A.P. GIANNINI | 12/7/1998 | See Source »

Sony's globalization began in the U.S., where Morita moved his entire family in 1963. In that way he would understand Americans, their market, customs and regulations, thereby increasing the chance of his company's success. It was a brilliant decision. Not many businessmen in those days possessed such a passionate and determined business vision. In the U.S., Morita settled into a large Fifth Avenue apartment in Manhattan. He built a solid and valuable network by continually socializing and giving parties during the week, a habit he maintained throughout his career...

Author: /time Magazine | Title: AKIO MORITA: Guru Of Gadgets | 12/7/1998 | See Source »

...eventually adopted a more international point of view and, in the 1960s, began to speak of issues, such as encouraging free trade by reducing tariffs and other barriers, that many Japanese businessmen had been reluctant to discuss for decades. He represented, very vocally, the business community of Japan, a country that had during the 1970s become the No. 2 economy in the world and could no longer be ignored by the major economic players. Some controversy resulted when he was listed as co-author of a book in 1989--The Japan That Can Say No--that suggested that other countries...

Author: /time Magazine | Title: AKIO MORITA: Guru Of Gadgets | 12/7/1998 | See Source »

...that's exactly the problem with Elizabeth. When the film thrusts the young thing into a den of wolves as savage and wily as the Mafia barons of The Godfather or the Japanese businessmen of Rising Sun, it wrings its hands somewhat too emphatically at Elizabeth's shrewd, momentous steps to transfigure herself into an emblem to lead her country. If Elizabeth's mutation into the Virgin Queen is the death of her womanhood, and happiness, as the film asserts, her sexuality--that which she renounces to rule the nation--ought to seem a little more respectable...

Author: By Jared S. White, CRIMSON STAFF WRITER | Title: Before She Was a Virgin: The New Elizabeth | 12/4/1998 | See Source »

...subsidy points up one of the hidden consequences of all corporate welfare--it favors one group of businessmen over another. In this case, the government gives Western farmers an advantage over Eastern farmers, who pay for their own wells, pumps and lakes. Says Dave Sheppard Jr., a fourth-generation farmer who grows tomatoes, green peppers, iceberg lettuce and cucumbers on 1,200 acres in Cumberland County, N.J.: "We don't get any subsidies...

Author: /time Magazine | Title: Corporate Welfare: Fantasy Islands | 11/16/1998 | See Source »

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