Word: businessman
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Dates: during 1950-1959
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...encouraging sign at year's end was that U.S. exports were already on the rise again after their slowdown. Wage costs in foreign nations were also on the rise, narrowing the foreign advantage over the U.S. Now that the alarm has been raised, many a businessman is not only revising his ideas about world trade; he is also doing something about costs. Cleveland's National Acme Co. brought out a new cam-finishing machine that does the job in 20 sec., v. 1 min. 15 sec. "What's just as important," says Acme's President...
...from the world is plain, and so is the solution. "If one thing is clear," says Standard Oil (N.J.) Chairman Eugene Holman. "it is that we cannot go back. Weary slogans, old patterns of thought will not be too useful in the 1960s." As Holman and many another U.S. businessman knows, the growth of the U.S. was not accomplished by old patterns of thought. It was accomplished by new ideas and experimentation, by resourcefulness and eagerness...
...longer exists in England today," says Donald Tyerman, editor of London's Economist. The so-called proletariat that was the bulwark of socialism and Communism is giving way to an immensely enlarged middle class, intent on acquiring all the trappings of affluence. One excellent measure is autos. U.S. Businessman Arthur Watson, boss of IBM World Trade Corp., found the change astounding. Eleven years ago the manager of IBM's big plant at Essonnes, France asked Watson for permission to build a shed to house the workers' bicycles; two years later he said he needed to enlarge...
World by the Tail? Whether the U.S. achieves that goal and goes on to serve all the many millions around the rapidly developing world depends on whether the businessman competes to the fullest of his impressive abilities. One of the great debates of 1959 that is bound to continue on into the 19605 is the economic competition between the U.S. and Soviet Russia. In the statistical numbers game, the experts point in alarm to the fact that Russia has grown to rank as the world's second greatest economic power in the space of 30 years. They cite...
...when Mortimer took over, to an estimated $60 million this year. But Mortimer is still not satisfied with some of his products, notably the Gourmet line, intends to make some changes. Says he: "At one of these business things I go to, the dowager wife of some fancy businessman sitting next to me said, 'Oh, Mr. Mortimer, your gourmet foods are wonderful. We stock the yacht with them.' And I thought to myself, 'Yeah, that's what's wrong with that business-not enough yachts...