Word: businessmen
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...year's end, including Pan American World Airways, which just signed an agreement on air routes and hotels with Aeroflot, the official Soviet airline. The Soviets can learn much from Beijing's successes and failures. Chinese projects that appeared promising on paper sometimes proved disillusioning in reality, as foreign businessmen discovered they were expected to pay exorbitant hidden costs to local administrators for office space or to get by with a steady supply of electricity only four days a week. Foreign entrepreneurs also found that even the paper agreements were subject to loose interpretation by inexperienced Chinese partners. Says Martin...
...what's left? Huntington offers "a small ray of hope" in the form of local or regional negotiations, along the lines of the Natal Indaba. There, he says, white officials and businessmen on one side, and Kwazulu bantustan chief minister Gatsha Buthelezi on the other, are managing to talk to each other. This, he suggests, provides an example for other local negotiations, a pattern that "could gradually build up from below and lead to national negotiations and more fundamental change at the national level...
...colored by dislike for Buthelezi,whose strong-armed followers are notorious forbrutal attacks on Black opponents. (13) The ANC,being illegal under the current regime, was notinvited, but it is as vehemently opposed to theprocess as the UDF, COSATU or AZAPO. The mainparticipants in these 'negotiations' have beenwhite businessmen, some academics, Natalofficials, and bantustan governmentrepresentatives--hardly a representative group...
...only one in five U.S. households invests directly in the stock market, its gyrations can hurt everyone. People who had never bought a stock in their lives were struggling to figure out what the wild ride on Wall Street meant to them, their jobs, their families and their security. Businessmen feared that queasy consumers might stop spending as freely as they have been in recent years. Workers feared that a market collapse could usher in a recession that would cost them jobs or bonuses or take a bite out of their profit sharing or pensions. Those nearing retirement were concerned...
Speaking to a gathering of 1,300 supportive but nervous businessmen in Manila, Aquino was feisty, sarcastic and uncommonly firm. Said the President: "The question you all really want to ask is Can she hack it? Isn't she weak?" She proceeded to argue that she was strong. "Henceforth, I shall rule directly as President," said Aquino. "To the ad hoc committees and commissions created to inform me on their special areas, I add one more: an action committee of one member...