Word: expand
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Dates: during 1950-1959
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Hard Core. Behind this extraordinary tolerance is A. T. & T.'s conviction that revenues can be raised much faster by increasing the use of the phone rather than trying to expand geographically (it has all but ended such expansion) to keep up with population growth. A. T. A. T. & T.'s soft sell has a hard core. In streams of enticing ads it pushes telephone extensions ("What a beautiful way to save steps!"), phones in color (more than 8,000,000 in the U.S.), and frequent use of the long-distance wires to call Granny (three or four...
From such facts Martin and other experts argue that the best way to expand is to improve the economic climate, so that businessmen will have the incentive to accomplish greater growth themselves. They want to work toward a balanced budget, not merely for the symmetrical sake of balance itself, but in order to cut taxes as an encouragement to both business and consumers. Even the A.F.L.-C.I.O.'s Ruttenberg admits that tax cuts "worked" when the Administration chopped taxes $7.5 billion in 1954: the next year's growth was 8%. How to cut taxes and still maintain vitally...
...consumers to part with their cash. This is the real road to growth, the innovation of exciting and useful new products and industries that Government alone cannot start. It can only provide the incentive for business to improve itself. As Harvard's Slichter says: "You can't expand without demand for the product. We need less sales talk, less hot air and better quality and more originality...
Federal assistance to higher education, especially long-term, low-interest loans, is welcome. As colleges are forced to expand, their financial aid resources are spread thinner and thinner. But, to prevent the Program from becoming a farce, Congress should amend the Act to provide a workable method for determining actual financial need, while insuring colleges against unwanted Federal control...
...arrive at an agreement. The mayor claimed that slum areas often surround a collage area because no one knows where the collage will build next. McNamara indicated that in a meeting with University officials, he had sought an understanding of exactly where and how it plans to expand. The offer to buy the MTA land "brought the issue to a head," McNamara said...