Word: businessmen
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Dates: during 1960-1969
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...part, the Administration made the gesture of easing U.S. restrictions on trade with China. For the first time since the Communists won control of the mainland in 1949, U.S. businessmen may engage in nonstrategic trade with China. Though the ban on direct commercial import of Chinese goods remains, U.S. firms are free to buy Chinese products, and sell their own to China, through foreign-based subsidiaries or through intermediaries in other countries. U.S. citizens abroad will be able to bring back unlimited quantities of Chinese-made items, which will be subject only to normal tourist duties...
...while Arab boys hawk his pictures in Tripoli's Ninth of August Square (named for Libya's Army Day), Gaddafi leads a campaign to wipe out the graft and privilege that depressed the country during the monarchy. About 600 ranking officers, politicians, civil servants and wealthy businessmen have been jailed. The 25,000 Italians, 7,000 Americans and 5,000 Britons, who previously enjoyed special status in a backward Arab society, are uncertain about their future in Libya...
When the church canceled the subsidy, the brothers at Holy Cross suddenly had to raise $72,000 just to keep the school open for the rest of the year. A Holy Cross graduate now serving in Viet Nam began sending his monthly military paychecks. Several local businessmen gave $1,000 each. Even a shoeshine boy tiptoed into Principal Stanley Culotta's office to present his contribution: a stained and shredded $1 bill...
...National Alliance of Businessmen is created to find 500,000 jobs for the hardcore unemployed...
...Walter A. Haas Jr., president of San Francisco's Levi Strauss & Co., believes that industry's first big task is to put an end to polluting the environment. "We are debauching the country," he says. Meeting such new goals will plainly require some extraordinary changes of attitudes among both businessmen and politicians. At the extreme, business may have to renounce its allegiance to all-out economic growth in order to halt the chemical and bacterial poisoning of air, land and waters. During the 1970s, the nation may also face a chronic shortage of capital to finance its seemingly boundless appetite...