Word: demands
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Records. Standard Oil Co. (N.J.), the world's biggest oil company, was close behind. Despite a drop in demand, Chairman Eugene Holman estimated second-quarter earnings at $188 million, somewhat below the first quarter but still enough to push the company's first-half net to an alltime peak of $425 million, some $33 million better than 1956. On a smaller scale, California's Superior Oil Co. did even better, with nine-month (ending May 31) profits of $15.7 million (equal to $37.20 per share), for a 412% jump over the previous year...
...economists the biggest puzzle today is the "new inflation," so called because it flies in the face of all their classical theories about the sources of inflation. Traditionally, inflation is caused by excessive demand for goods in short supply. But many consumer prices today are rising in the face of softened demand and below-capacity production in such key industries as steel, autos, appliances. To describe this new phenomenon, economists have coined a new phrase: "cost-push" inflation. Some go on to contend that price boosts, such as the recent steel price rise, are caused primarily by the push...
...first burst of postwar inflation came when pent-up demand and wartime savings caused such a scramble to buy that shortages turned up everywhere, and most businessmen cashed in by raising prices. Then came the Korean war, and once more a scramble for materials and goods sent prices soaring. Wages were slow in catching up. In fact, after General Motors set up the first automatic "annual improvement factor" increase in wage contracts in 1950, Charles E. Wilson, then G.M. president, said: "It is not primarily wages that push up prices. It is primarily prices that pull up wages." After...
...many businessmen became wedded to the idea of a continually expanding economy. Under such circumstances-and with money tight-they decided on a long-term policy of financing more of this continuous expansion out of profits instead of through stock and bond issues. Disregarding temporary conditions of supply and demand, they began to set what Senator Kefauver and economists such as Edwin Nourse, ex-chairman of the President's Council of Economic Advisers, call "administered prices"-prices that are set to achieve a predetermined profit level that will defray not only wage increases but also most of the expenses...
...went on to say that this demand for quality did not mean that an increase in enrollment of students was impossible, since the number of able ones would rise in proportion to the number of admissions...