Word: businessmen
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...vexing combination of tightening financial conditions, trade tension with the U.S. and political weakness at the top has sent Tokyo's financial markets into a funk. The slide is threatening to choke the country's economic growth and sap the ebullient confidence that has filled Japanese investors and businessmen in recent years. "The pendulum has once again swung in Japan," says Richard Koo, a senior economist at the Nomura Research Institute. "It's now over to the doom-and-gloom side, when objectively speaking, Japanese companies remain the strongest in the world...
Cronyn, who is 78, was also born in London -- London, Ont., that is -- but his family was as rich as Tandy's had been poor. His father was one of Canada's most prominent businessmen, as well as a Member of Parliament; his mother was a Labatt, as in Labatt's beer. After making a brief bow to family sensibilities by attending McGill University, he headed south in the early '30s, to Manhattan, where he studied acting. The great George Abbott gave him his first big break and taught him the rough-and-tumble art of farce, an athletic, physical...
Sorting out the assets would be hard enough if they had been in the hands of honest businessmen, but many failed thrifts were ruined by larcenous schemers who took advantage of lax S&L rules and poor supervision during most of the 1980s. Testifying before Congress last week, Seidman said criminal fraud had been discovered in 60% of the S&Ls seized by the Government during the past year, almost triple the rate in commercial bank failures. Some of the wrongdoing may even be traced to the CIA. According to the Houston Post, the intelligence agency had connections with...
...back on track. He also implemented an austerity program that enjoyed greater support in Washington than in San Salvador. A hefty devaluation of the Salvadoran colon and a tax on coffee, the country's main export, pushed inflation to the 40% mark and raised unemployment close to 50%. Wary businessmen sought investments abroad, while some of the unions that had once supported Duarte joined a new opposition labor confederation. In October 1986 an earthquake flattened much of San Salvador, killing 1,500 people and inflicting $1 billion in damages. When hundreds of millions of dollars poured in, including $250 million...
...flap obscured a deeper debate over Aspen's future. As the ski resort has become a favored hangout for Hollywood stars and wealthy businessmen, the price of real estate has soared. Last year the average house sold for $1.1 million. In addition to rejecting the fur-sale ban, voters approved construction of a 292-room hotel and a widened highway into town. Last week's voting was a showdown between those seeking to slow development and those who want to accelerate it. The accelerators...