Word: economice
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Dates: during 1960-1969
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The feeling that inflation is inevitable may finally be giving way to a touch of welcome uncertainty. In Paris last week, Federal Reserve Board Governor Andrew F. Brimmer predicted that the economy's real growth, which reached 5% last year, would slow to a rate of 3% or less...
IN half-serious flights of fancy, humorists have lately envisioned an economic future in which International Everything, Inc. and about a dozen similar finance-manufacturing-retailing combines take over half of the nation's business. Corporate consolidation has a long way to go to reach such extremes, but it...
A Matter of Taxes. About 90% of the action involves conglomerate corporations, those multi-industry companies whose desire to acquire often produces crazy-quilt mergers. Alarmed critics complain about shaky financial foundations, untested managements, dubious use of tax loopholes and overconcentration of economic power. Last week conglomerates ran into simultaneous...
The Federal Trade Commission is delving into the various economic implications of the conglomerate trend. Antitrust subcommittees in both the Senate and House plan probing inquiries of their own. The Justice Department is studying whether to recommend broader antitrust legislation to cope with conglomerates. Paradoxically, the trend has been fostered...
On Wall Street, merger battles often give a dizzy lift to stock prices long before actual mergers can create any fundamental economic values to underpin them. For example, shares of Scientific Data Systems, a Southern California maker of high-speed computers, leaped 17 points, to 120, in one day last...