Word: expander
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Dates: during 1960-1969
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...chiefs of state, although he is only a private citizen-last week took an important stand. As so often before when Europe grappled with its future, there came from Jean Monnet, 73, godfather of the Common Market, some sharp, ringing directions. Gist of the message from "Mr. Europe": expand and unite...
WHCT, which is owned and operated by RKO General, has 200 subscribers for its pay programs and hopes to expand to 5,000 in 1963. Each pays $10 to have a Decoder attached to his set. The pay programs are broadcast in scrambled signals, and the Decoder, which looks like a table radio, straightens them out. The subscribers pay 75? a week as a basic rental fee, plus an average of $1.25 for the programs they select. Costs are recorded on a tape in the Decoder. The viewer rips it off like a grocery bill and sends it in with...
Worst of all is the disappointing pace of capital spending. Business spending to expand or improve plant and equipment has accelerated only half as fast as the Kennedy Administration had hoped, and is actually smaller in relation to the G.N.P. than it was five years ago (see chart). This year it will barely top $37 billion, or only 6.6% of the G.N.P. By contrast, the nations of Western Europe are plowing an average of 10% of their gross national product into capital expansion and modernization...
Most businessmen chorus that capital spending will not rise smartly until profits do, for profits give them the incentive to expand and the cash to do it. Says Raymond Saulnier, who was President Eisenhower's chief economist: "This is the point that must not be overlooked in the dialogue on growth: we cannot get our economy moving as it should be unless we restore some dynamism to business profits." A quick tax cut would do just that by raising consumer demand and lowering business expenses. But so far President Kennedy is sticking to the stand that there will...
...Western world, save Cuba, does a government own and run so many businesses as in Italy. The practice took hold during the Fascist corporate state days of Benito Mussolini, and has been kept alive by a strange coalition of left-leaning politicians and swashbuckling economic bureaucrats anxious to expand their empires. Almost every time an Italian rides a train, plane or ship, lights up a cigarette, salts his food or gasses up his car, he is patronizing a government monopoly. And pretty soon he will be doing so whenever he switches on the lights...