Word: businessmen
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Dates: during 1950-1959
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...powerful figures (many of the rest cannot speak English): Chairman Paul Jones and Executive Secretary J. Maurice McCabe. Jones, a taciturn, white-thatched Indian, is a high school graduate. McCabe, a business-college graduate, is a go-getter who, like Jones, is widely respected by businessmen who deal with the tribe...
Manufacturers are well aware that they will always have to cater to geographical and financial variations in consumer taste, that obsolescence is a necessary part of progress. But the recession made many businessmen see that they had carried it too far. Too many models are worse than too few, have cost both manufacturer and consumer some of the benefits of mass production, e.g., lower prices, ease of production. What is needed is a happy medium in which the consumer can have plenty of choice-and his saving...
...Premier of Polynesia. Oopa accused the French of allowing the islands' copra-and-phosphate economy to stagnate in the face of a population explosion that has doubled the population (to 70,000) in 25 years. Hoping to win greater control over an economy dominated by French and Chinese businessmen, he pushed through an unheard-of income tax. A shopkeepers' strike and the fury of well-organized rioters, who stoned the Territorial Assembly building, forced its repeal...
...facts: aside from the stock market, whose rise has also been sparked by the expectation of better business and profits, virtually every economic indicator that usually signals inflation is failing to do so now. Chief among these is inventory liquidation, which has continued despite the recovery. If businessmen thought they would have to pay more for raw materials six months from now, they would start building up inventories instead of continuing to cut them...
...reason businessmen do not expect to pay more for their materials is that most commodity prices, which are quick to reflect inflationary pressures, have remained steady. The sensitive price index for 22 primary commodities, for example, remains close to the lows reached last fall. Since wholesale prices usually foretell retail prices, this promises well for the consumer. Another happy sign for the consumer is that consumer prices actually declined last month. Most businessmen agree that despite price increases in autos and a few other items, there will be few shifts in price levels over the next six to twelve months...