Word: account
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Dates: during 1960-1969
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...American Express by marketing its traveler's checks to holders of its credit cards, and vice versa. In addition, it will try to sell its banking services to many of the 450,000 Carte Blanche cardholders, and to introduce the credit card to its own 566,000 checking-account customers. It is even talking about a companion "Carte Bleue" that New Yorkers might use In neighborhood stores. What the bank aims for is a fully rounded financial service, in which a customer can save, borrow and charge everything from hospital care to trips abroad...
Company President Louis V. Aronson, grandson of the founder, does not want only a light-up image. Lighters and accessories represented 87% of the firm's $26 million sales when he became president in 1953; now they account for 64%, and the proportion is steadily decreasing. Faced with the necessity of diversifying or perishing in the 1950s after Ronson patents expired and imports undersold it, the company has moved into such activities as refining rare earths for color TV tubes and making hydraulic parts for jet planes and space satellites...
...investment is concentrated in three countries. In Britain, where American business has spent $4.8 billion, U.S. companies make 55% of the vacuum cleaners, 34% of the tires, control half of the country's 40,000 filling stations. American companies have spent $2.5 billion in France, account for 70% of its sewing machines, 40% of its rubber, 35% of its farm machinery. In West Germany, U.S. firms have invested $2.3 billion, control 40% of the auto industry, 50% of the oil refineries, 80% of the computer market...
...exports harder than ever. Its domestic sales are concentrated in Bavaria (well-entrenched regional breweries dominate elsewhere in Germany) and Bavarian consumption is flattening out despite the low cost of a pint bottle of beer (13?). Löwenbräu's rising exports to 100 nations now account for 33% of its volume...
Harvard's "Anglican Bishop," a Winthrop House senior who blessed the football team at Saturday's Holy Cross game, was "admonished" for his prank by the Administrative Board yesterday. No further action will be taken against him, but an account of the matter will be placed on his record. He has written Holy Cross to apolegize...