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...year; in the first two months of 1952, they ran at a 28% higher rate. Goody has another dollar-catching trick. All retailers are allowed to return 5% of their purchases, but Goody claims he sells so fast that he never needs the full credit. However, he buys up distress merchandise of other dealers at bargain prices, then turns it in at full credit on his 5% allowance...

Author: /time Magazine | Title: RETAIL TRADE: The Bargain Man | 3/17/1952 | See Source »

...distress our friends," said 73-year-old Paul Reynaud last week, "and are the laughing stock of our enemies...

Author: /time Magazine | Title: Foreign News: Face of Disaster | 3/10/1952 | See Source »

...weeks, Defense Mobilizer Charles E. Wilson has been besieged by Congressmen from "distress" areas like Detroit to do something about the unemployment created by lagging defense orders amid civilian cutbacks. At the same time, small businessmen have been clamoring for a bigger share of defense work. Last week the Administration gave in to the political pressures and issued two orders that scandalized and alarmed many a Congressman...

Author: /time Magazine | Title: CONTROLS: The Open Door | 2/18/1952 | See Source »

...foundations for a hundred years of Pax Britannica, he put on a classic display of balance-of-power diplomacy: to counter the threat of Russo-Prussian hegemony in Europe, Castlereagh threw Britain's weight on the side of the former enemy, France. Britons blamed Castlereagh for the economic distress following the Napoleonic wars, the neglected veterans of Waterloo and the martyrs of Peterloo (hundreds of hungry English weavers shot down by the militia for protesting their working conditions). Shelley wrote: "I Met Murder on the way-He had a Mask like Castlereagh." In 1822, in a fit of depression...

Author: /time Magazine | Title: Foreign News: FAMED FOREIGN SECRETARIES | 2/11/1952 | See Source »

...into trouble. An earthquake in the Northwest did $250,000 worth of damage to its plywood plants, a price war cost it still more, and profits plummeted 90%. But Cheatham went right on picking up bargains with surplus cash. He bought a $2,000,000 plywood plant for the distress price of $300,000, snagged the Acme Door Corp. for less than its net asset value. It now accounts for 5% of all U.S. sales of wooden doors...

Author: /time Magazine | Title: CORPORATIONS: The Plywood Prince | 1/7/1952 | See Source »

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