Word: businessmen
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...industry has resisted the creation of reasonable regulation," Dassenko told a group of the reinsurers from whom Transit is now trying to collect. "As a result, dishonest, unethical and incompetent competitors play on the same field with honest businessmen who exercise good judgment." In effect, the bad guys charge too little for insurance, living high on the hog and then just putting their companies into bankruptcy when the claims come due. "The end result," says Dassenko, "is that the good businessmen suffer twice: first by losing business to the bad guys whose rates they can't match; and then again...
Club Venus chronicles the Japanese sojourn of Anne (Cara Polites), a Harvard student who works as a hostess in the semi-reputable bar owned by Ono (Michelle Banyas). Rich Tokyo businessmen escape the tedium of their domestic lives at Club Venus; for a fee they can drink, tell bad jokes, and revel in the company of beautiful women...
Whatever the realignments in foreign policy, Fahd and his family will find them easier to swallow than the changes in the country's internal order that some Saudis are just beginning to push for. As Prince Salman's cool reaction to the businessmen in Riyadh suggests, the royals show no willingness to relinquish their monopoly on power. Over time, however, they may see little choice. "It is our tradition to accept authority," says a Saudi professional in Dhahran, adding significantly, "unless the legitimacy of authority is lost." Now that the once closed kingdom has been shocked into opening its doors...
Gorbachev discussed the Soviet Union's economic reforms later in the week with a gilt-edged delegation of American businessmen from 15 of the country's largest firms, who had gone to Moscow with Secretary of State James Baker and Secretary of Commerce Robert Mosbacher. Gorbachev hinted that the Soviet Union was prepared to open its doors wider to the outside world, noting, "We are ready to draw foreign, including U.S., investments on mutually beneficial terms." The Shatalin plan goes further: instead of the old system of joint ventures, foreign companies would have the right to acquire 100% ownership...
...would be shortsighted to ignore the experience of economic development in the U.S.," Gorbachev told the visiting businessmen. The changing mood in Moscow was enough to inspire one American participant, Paine Webber chairman Donald Marron, to declare, "Capitalism is coming to the Soviet Union...