Word: also
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Dates: during 1950-1959
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Ever since. Reporter Brennan has wondered if Factor was really kidnaped, or if his story was a hoax, aimed at taking the pressure off him elsewhere (Factor was wanted at the time in England on a swindling charge). Brennan also wondered-along with a lot of other newsmen and a good many Chicago cops-if Illinois Gangster Roger Touhy, convicted of kidnaping and sentenced to 99 years in prison after being identified by Factor as one of his abductors, had not, in fact, been framed...
Looking at the aftermath of the steel strike, some economists last week were swinging around to the opinion that for all the harm it did the economy, it also may have done some long-range good. Along with others. Chamber of Commerce's Schmidt pointed out that the postwar economy has averaged a recession, or at least a leveling in growth, every 30 months. But the steel strike was itself a recession; therefore, the normal setback that might have been expected has been delayed, and business should be good well into...
...total number of U.S. stockholders receiving such handy budget balancers is also at a new high. The latest New York Stock Exchange study showed 12,490,000 individual shareholders of record, up from 8,630,000 in 1956. The number of stockholders is now bigger than the number of factory workers. One in every four U.S. households gets a dividend check or checks v. one in seven only seven years ago. To keep the checks going, U.S. corporations are declaring dividends at a rate approaching $14 billion a year, against $9 billion...
...Motors, which had shut down its plants, began to call workers back to resume making parts. Ford put its operation on five days, and scheduled overtime on the Falcon, Thunderbird and Lincoln. (But Chrysler laid off more workers, stopped production of its Valiant.) With American Motors and Studebaker-Packard also operating five days, the industry's output for the week was 67,100 cars, up from 64,233 the week before. In midweek the year's production to date crossed the 5,000,000 mark...
Right "Personality." What happened? As it turned out, the Edsel was a classic case of the wrong car for the wrong market at the wrong time. It was also a prime example of the limitations of market research, with its "depth interviews" and "motivational" mumbo-jumbo. On the research, Ford had an airtight case for a new medium-priced car to compete with Chrysler's Dodge and DeSoto, General Motors' Pontiac, Oldsmobile and Buick. Studies showed that by 1965 half of all U.S. families would be in the $5,000-and-up bracket, would be buying more cars...