Word: businessmen
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DIED. Ben Abruzzo, 54, ballooning adventurer who braved sub-zero temperatures, raging storms and "cold sinks" in historic first balloon crossings of both the Atlantic and Pacific oceans; in the crash of a twin-engine Cessna 421 plane; in Albuquerque. With fellow New Mexico Businessmen Maxie Anderson and Larry Newman, Real Estate Developer Abruzzo flew the helium-filled Double Eagle II on a six-day journey from a Maine meadow to a French wheatfield in 1978. Three years later, with Newman and two others, he took off in Double Eagle V from Nagashima, Japan, and crash-landed in Northern California...
...Businessmen fear that the strong dollar will force the U.S. to close its markets to foreign products. Says Aldo Palmeri, managing director of Italy's Benetton Textile group: "Our overseas exports are increasing by 100% a year, but before long American industry will be demanding restrictive measures against imports." Concurs Switzerland's Fritz Leutwiler, former president of the Bank for International Settlements: "We should be very concerned about the high dollar pushing protectionism in the United States...
...Businessmen, a class previously spared from Reagan's budget cuts, would feel the pinch under the President's new proposals. The budget would effectively extinguish the 32-year-old Small Business Administration, squeezing the availability of loans for start-up enterprises and snuffing out what some have called America's last bastion of middle-class entrepreneurship. The budget would end the SBA's general lending program, at a saving of $1.5 billion. Although thousands of fledgling businessmen have taken advantage of the SBA's $4 billion-a-year loan-guarantee program, there is a surprising dearth of support...
...least three things working for him: energy, flamboyance and competence. During the past two years the number of arrests in Charleston has doubled, and the crime rate has tumbled. In the same period, not a shot was fired by police. His increased foot and mounted patrols pleased downtown businessmen, and he delighted the rank and file by taking to the streets himself when things got slow at headquarters. He has made dozens of % collars in his car, on foot and on horseback, and gained some national publicity when he nabbed a bicycle thief while roller-skating. As for the department...
...budget outlays). That would be the smallest hike in 21 years. To achieve that goal, Reagan proposes to whack $42 billion out of what would be spent for nonmilitary purposes under existing law. He would freeze, curtail or even eliminate programs that benefit farmers, veterans, students, the sick, small businessmen, exporters and just about everybody else except Social Security recipients...