Word: ponts
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...initial reaction from many business leaders was that the economic stimulus to be expected from the proposed cut was not worth the extra deficit that it would add to the budget. Asked Irving Shapiro, chairman of Du Pont de Nemours & Co.: "Why have it at all if the reductions are going to be too small to do any good?" Oregon Democrat Al Ullman, chairman of the House Ways and Means Committee, which is handling the tax legislation, welcomed Carter's decision, but said that the cut should be reduced to about $15 billion. In any event, Carter may back...
...each earning $700 to $800 a week, and their spending power will create new jobs in hotels, restaurants and stores. "It will be a tremendous advantage for the Atlantic City area," says Louis Dalberth, head of the Southern New Jersey Development Council. "Super," echoes Delaware Governor Pierre du Pont IV, who hopes to get support facilities set up in his state...
...procession of limousines crammed the White House driveway last Friday, as 50 of the most powerful leaders of U.S. business accepted an invitation for an off-the-record exchange of views with ranking Administration officials. Among them were the chiefs of Exxon, General Electric, Du Pont, Merrill Lynch, National Steel, B.F. Goodrich and Boeing. The Administration was engaged in one of the most ambitious public relations campaigns to be aimed at the business community since Lyndon Johnson's day. The goals: to build support for Carter's tax package and to reassure business leaders, who have been unimpressed...
However, New Orleans still has some of the best restaurants in the U.S., and some elegant hotels outside the dome area (most notably, the Pont-chartrain), which theoretically can only get better with the influx of well-heeled visitors that Superdome events are attracting...
...search team headed by Mondale was set up. The group knew almost from the outset that its ideal candidate would be a progressive businessman, preferably a Democrat (which Miller is). A list of a dozen names was drawn up; eventually it was pared to five. On it were Du Pont Chairman Irving Shapiro, General Electric Chairman Reginald Jones, Brookings Institution Chief Bruce MacLaury and Bank of America President A.W. Clausen, in addition to Miller. Washington rumor has it that Shapiro, Jones and Clausen turned down...