Word: cash
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Dates: during 1960-1969
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Capacity to import is tied directly to export earnings and is therefore stagnant as well. Excluding Venezuela, which sparked an extraordinary $803 million injection of dollars for itself by selling oil concessions in 1957, Latin America had only a little more cash available for imports in 1961 ($7.19 billion) than it did four years before ($7.17 billion). To make matters worse, says the report, "the population of Latin America grew by approximately 12% during the period. Consequently, per capita capacity to import has tended to decline...
Honored by the German Society for Photography, the world's foremost photographic organization: LIFE Photographer Alfred Eisenstaedt, 63. who returned to his native Germany for the first time in 27 years to accept a symbolic optical lens with an 18-carat gold rim and a $1.250 cash prize "as a photojournalist who has caught in pictures the world happenings and events of the last decades with rare feeling...
...left the building to eat, but it was the day before payday, and many of them had economized by bringing their own lunches and taking them down to the cafeteria in the basement. In the boiler room next to the cafeteria, the watch engineer had just stepped out to cash a check. It was 12 107. With a reverberating, mind-stopping roar, one of the three steel boilers, 15 ft. long and 5 ft. across, exploded at one end. The escaping steam roared out through the aperture with the thrust of a rocket, drove the boiler through the wall into...
Behind this vast expenditure lies one truth that both critics and practitioners of advertising agree upon: advertising is an aggressively creative force that makes music at the cash registers by stimulating the public's desire to acquire goods. This is an overriding consideration for the nation's businessmen at a time when the U.S. is geared to produce more than it consumes and when nothing would help the economy more than a surge in consumer spending. As the U.S. economy grows in size and complexity and the cost of labor increases, advertising is an indispensable substitute...
...Cristo Colorado Maduro No. 1's, and if he is seen frequently in expensive restaurants with men whose grain is coarse although their shirts be fine, it must not be thought that he loves the world too well. His is not a case of "Hail Mammon, full of cash." Not at all. Father Urban knows and loves his duty, which is to God. But he knows also that he is by far the best fund raiser, and indeed almost the only capable man, in the Clementines, a small and not very notable Midwestern order. The tall, urbane priest...