Word: businessmen
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...eternity. Last week Horn & Hardart closed the nation's last surviving Automat, on New York City's 42nd Street, two blocks east of Grand Central station. First opened in 1912, the cafeterias served 400,000 customers a day at their peak in the early 1950s. Famous actresses, well-heeled businessmen and just plain folks plunked their coins into glass-and-chrome dispensers to feast on such fare as Boston baked beans, macaroni and cheese and coconut-custard...
...mess and the police-brutality scandal in Los Angeles have aroused public concern about corruption, and corruption -- and how to avoid it -- is one of Josephson's chief concerns. A former law professor at Loyola Marymount University in Los Angeles, he specializes in teaching ethics courses to government officials, businessmen and just plain citizens. Whether the problem is statehouse wrongdoing or corporate misconduct, his telephone rings often these days with the same request: Can you help...
...Major might call a general election in June before the glow of victory in the gulf is dimmed by Britain's recession. Inflation is coming down, and as price increases ebb, Major is reducing interest rates; last week's budget called for a further 2-point cut, to 13%. Businessmen, however, are unsure whether that is enough to produce an expected upswing by fall. Even if it does, unemployment, at a two-year high of 7% of the labor force, is expected to keep rising, perhaps to as much...
Abedi's strategy was taking shape. Using prominent Arab businessmen and members of ruling families from the United Arab Emirates as proxies, Abedi and B.C.C.I. organized an attempted hostile takeover of Financial General Bankshares, a Washington bank holding company. When the Securities and Exchange Commission charged that B.C.C.I. had secretly orchestrated it, Abedi hired Clifford and Altman to represent him and his group. This felicitous combination of wealthy shareholders from oil-rich Arab countries and Washington's most famous attorney calmed regulators, who allowed B.C.C.I.'s fronts to purchase Financial General, which they renamed First American...
Both Republican and Democratic experts agree that the new budget rules should lead to a lower deficit in a few years. But they add that unexpected costs, like those from the gulf war and the thrift bailout, could again postpone that day indefinitely. Last week Bush told several thousand businessmen and -women in New York City that the deficit would be "virtually eliminated by 1995." The audience reaction was a mix of scattered applause and derisive laughter. As one of Bush's predecessors put it, you can't fool all of the people all the time...