Word: connors
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Dates: during 1960-1969
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...about "sound fiscal policy," no matter how glassy-eyed his audiences became. He had one indefatigable campaign gag: "I don't see eye to eye with Lindsay," he chuckles, "physically, philosophically or politically." Beame's candidate for city council president is Irish Catholic Frank O'Connor, 56, able district attorney in Queens, who is considered a hot possibility for the Democratic gubernatorial nomination in 1966. For comptroller, Beame picked an Italian named Mario Procaccino...
...plant and equipment by at least 20% (to $7.4 billion or more), which some take as proof that the Administration's vaguely worded appeal for "voluntary" restraint has been a flop. Reports of White House dissatisfaction with this approach, which had been advocated by Commerce Secretary John Connor, were so widespread that Lyndon Johnson had to reassure Connor of his continued confidence. The Secretary did some reassuring too. "Businessmen definitely are not letting me down," said Connor, who once warned that if he failed businessmen would "find a professor sitting in my chair." Connor insisted...
...Connor points out that U.S. businessmen have repatriated about $500 million that they previously held abroad, financed much of their overseas expansion by borrowing heavily from foreign banks. Still, Connor's program, which covers 500 major corporations, has been less successful than the Federal Reserve Board's program covering bank lending abroad. The banks have been flatly told not to increase their foreign loans by more than 5%, and they have kept within that limit; last week, at the annual meeting of the American Bankers Association in Chicago, many bankers complained that too much pressure was being...
...interview yesterday, however, Connor said that the information contained in the Commerce Department report is inaccurate because it is based on the expectations of executives about the level of investments in 1965, and "many of those executive have now changed their minds...
...anaylsis of the statistics in February, Connor said, wil show that corporations are cooperating with the guidelines. "The President," said Conner, "can be very persuasive...