Word: economist
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Dates: during 1950-1959
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...France's inflation-tilted economy. Since his domestic austerity program calls for ending costly commodity subsidies, many prices-starting with the price of bread-are headed up. Steelmakers have announced plans to raise prices 4.5%, government employees are pressing for a 10% pay boost. Taking to the radio, Economist Gaillard called for more civic spirit and warned that "if labor and management insist" on such demands, "they will be defeating all our efforts. Our defeat will be theirs...
...Kallet led his organization out of Manhattan into bright new offices and laboratories in suburban Mount Vernon, N.Y., there was trouble in the board room. President Colston Warne, an Amherst College economist, and other directors wanted Consumers Union to use its prestige with consumers to influence U.S. economic policy. Kallet wanted to continue to concentrate on the practical matters of analyzing new products...
Dinning into Washington from every state in the union and every nation in the free world were reports of food prices going up, rents going up, wages going up, doctors' bills going up, in what London's Economist called "the continuing crisis of our times, the fall in the value of our money." One day last week, the U.S. Bureau of Labor Statistics reported that in June the U.S. cost of living had gone up a sharp one-half of 1% (to 120.2 with 1947-49 as base of 100) to its tenth successive alltime monthly high. This...
...Some of the headlines made it appear that the British were once again shooting up primitive desert tribesmen, defending a despotic ruler and creating a "second Suez." But in fact this was a case when the British were going to the help of a Sultan who, in the London Economist's words, "is not contending against an electorate of the future-a nationalist movement of young and educated men-but against a reactionary rival." The British showed their might almost hesitantly. They acted in Oman, fearing that if they did not, their position would be weakened along the whole...
...place. In factories and firms they find themselves regarded, and resented, as Colonel Blimps. Private companies, however, are delighted to pick up ex-field marshals at fancy prices for their boards of directors. Too many honors without enough rank can also be bad. "A knighthood," observed the London Economist, "is fatal; it often confines a man to running a charity...