Word: businessmen
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Stepping somberly to the podium in a blue-carpeted Washington briefing room last week, Commerce Secretary Malcolm Baldrige confirmed what many businessmen already knew through painful experience. The pace of U.S. economic growth, Baldrige revealed, took a sharp downturn in the second quarter, as American manufacturers continued to be hurt by a high level of imports. After expanding at a 3.8% annual rate from January to March, the gross national product increased at only a 1.1% pace between April and June, the slowest climb since the recession year...
Private roadways are common enough in the U.S., but private expressways are another matter. Last week a group of businessmen announced a plan to build a 200-mile, four-lane private toll road that would link the Colorado cities of Fort Collins and Pueblo. Since no Government funds would be used for the project, the road would be exempt from the federal 55-m.p.h. speed limit and would allow cruising at up to 80 m.p.h. Under the terms of an 1883 state law, private investors can, in some cases, gain the power of eminent domain to build a road...
When he comes to the island, Jack befriends the locals and patronizes their hangout, a reggae bar, owned by a free spirit named Ernest. It just so happens that Ernest's bar also has the best beachfront on the island. And Ernest won't sell to the evil businessmen who want to spoil the island to satisfy their capitalist dream...
...billion in short-term bank loans. Says Jamaican Prime Minister Edward Seaga: "If Pretoria will not listen to arguments based on rights, it will listen to arguments based on rands." But no one expects measures against South African trade to be nearly as effective as the banking action. Some businessmen somewhere will always find ways to beat the boycott and make a profit...
...climbed my last political mountain." Having failed to win a majority, Wallace's Lieutenant Governor Bill Baxley, who was endorsed by blacks, teachers and labor unions, now faces a runoff later this month against his runner-up, conservative Attorney General Charles Graddick, who has the backing of businessmen and the Ku Klux Klan...