Word: dunning
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Dates: during 1950-1959
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...President Dave McDonald or Steel Industry Negotiator R. Conrad Cooper. With nearly 90% of the nation's steelmaking capacity idled since mid-July, with layoffs spreading rapidly through the economy as manufacturers shut down for lack of steel (see BUSINESS), McDonald kept spouting purple rhetoric, Cooper kept spouting dun-grey generalities. Said Chairman Taylor at one of the sessions: "It's very distressing at this stage that we are still having trouble defining issues...
...legends about him were legion. Dun & Bradstreet, so the story goes, once characterized him: "Estimated worth, $500,000,000. Pays bills promptly." Yet he had been broke so often, he once quipped, that "I thought it was habit forming." Always on the go, he kept three sets of suitcases in his two-room suite at the Fort Worth Club, packed with clothes for three different climates-hot, cold and medium...
...best sign of the long-range growth of the economy is the birth rate of new businesses. Last week there was plenty of evidence that the rate was the highest in U.S. history. Dun & Bradstreet reported that in August establishment of new business incorporations rose to 14,329 from 12,234 a year earlier. For the first eight months of 1959, new incorporations amounted to 133,891, almost a third ahead of the comparable period...
There was one index on the downgrade. Happily, it was for consumer food prices. Dun & Bradstreet's shopping basket of 31 basic foods (one pound of each) dropped to $6.13 wholesale, off 2? for the week and 44? below last year's recession level...
...West Germans still owe $77 million on last year's bill, which the U.S. agreed not to dun them for before the German elections. The elections have come and gone, but the money is yet to be seen. As Britain and France have cut their NATO manpower, and West Germany has at last begun to contribute its own troops to the alliance, Bonn has stiffened its attitude -on support costs, which many Germans choose to call "occupation costs." Defense Minister Franz Josef Strauss, an open foe of support payments, has even implied that if his government does agree...