STATE OF BUSINESS: Confidence at Hot Springs

The nation's leading businessmen got a chance last week at Hot Springs, Va. to sound a clarion call for what the Government should do about the recession—but they never got the horn to their lips. Instead, the more than 100 members of the Business Advisory Council, a blueblood business group that advises the Secretary of Commerce on top policy matters, spent their semiannual meeting without reaching any clear-cut conclusions about the economy, particularly the matter of a tax cut.

The time is not ripe for a tax cut, said the council's antirecession...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!