Word: budgets
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Dates: during 1950-1959
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...bubbling British enthusiasm that pays off at the box office whether his shows are being polished in Director Joan Littlewood's East End Theater Royal or bargaining for big money on the other side of town. Even in the West End his productions are usually low budget. "Good characters don't cost you any more to create," he argues. "Good lines don't cost any more. Heart doesn't cost any more...
These sound practices are as well known abroad as they are in Washington. With a budget in balance, the U.S., says British Economist Graham Hutton. must take normal corrective measures to get its balance of payments in order. Button's prescription is for the U.S. to reduce foreign commitments, get overseas allies to carry more of the load, get internal costs under control. "If you don't stabilize your wage costs," says he, "you will lose export orders, lose gold and get unemployment. It is as simple as that. You have the strongest economy in the world...
...appliance industry-8% for clothes dryers, 10% for refrigerators. Moreover, plant and equipment expenditures will rise from $34 billion in 1959 to a rate of $40 billion in the fourth quarter of 1960. With all the booming good business, the Government hopes for good news on the budget debt: a surplus of $2 billion in the fiscal year starting July...
Contagion. Some of the oil fever rubbed off on bureaucratic, bumbling YPF. "The Americans are teaching us many new ways," said a YPF engineer last week. "They have instilled in the whole area an attitude that work can be fun, too." Now rating top priority in Frondizi's budget, YPF will drill 4,100 wells on its own by 1965, has let contracts to Kerr-McGee, Southeastern Drilling and the Italian ENI for another...
Upjohn's Dr. E. Gifford Upjohn conceded that the race of drug companies to keep up causes his firm, in line with others, to spend 28.6% of its budget on 1,000 salesmen (out of 5,700 employees), plus other promotional activity. Research costs: 9%. Despite the high overhead, the companies are immensely profitable. The Kefauver subcommittee presented tables showing that the drug companies averaged profits of 21.4% of their net worth, compared with 11% for all U.S. industry. Part of the answer, said the subcommittee, was the pricing policy...