Word: expands
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Dates: during 1950-1959
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Ford's Lincoln-Mercury division (100% Hydra-Matic) with a 10-20 days' supply, prepared to expand Mercury production, cut back on Lincolns. Hudson (58%), shut down for a model change, has "a couple of weeks' supply"; Nash (33%) has enough for a few weeks, but has been shut down by a supplier's strike; Kaiser (60%) has been closed since June. Said G.M. President Harlow Curtice after inspecting Livonia: "At this moment every facility ... is being concentrated on the extensive rebuilding job that faces us . . ." Curtice moved fast, this week took steps to lease...
...Rockefellers, heavy buyers of Manhattan real estate in recent months, have New Yorkers guessing over their latest acquisition: 80,000 sq. ft. of land across the Avenue of the Americas from Radio City Music Hall, for an undisclosed sum. A likely guess is that they plan to expand Rockefeller Center to provide more studio space for the expanding TV industry. Meanwhile Rockefeller Center, Inc. last week sold (then leased back) 60,000 sq. ft. of its land to Columbia University, which already owned the rest of the site. Price...
...many worry over a far bigger U.S. debt: the money borrowed by individuals and corporations (which, incidentally, supports the greatest peacetime boom in history). For houses alone, Americans have gone $84 billion into debt; to expand and modernize, industry has borrowed $200 billion. Altogether, while the national debt has remained near its wartime peak since World War II, private and corporate debt has more than doubled, to a record $330 billion, or $4,000 for every man, woman and child in the country. Are Americans getting in over their heads? Will the boom collapse under the weight of private credit...
...consumer credit controls now, even if it could. But if consumer credit continues to increase at its present rate, controls will be needed. They would, no doubt, cause some temporary dislocations as credit dried up where it was overextended. But that would be far better than letting credit expand indefinitely, until the boom collapsed under its weight...
...column. The union also still bitterly opposes the use of typists instead of compositors to set TTS copy, sarcastically calls it a "promising means of union-busting." Thus far, TTS has not created unemployment among I.T.U. members. Papers like the Boulder (Colo.) Camera have simply been able to expand their coverage, fatten up their pages and grow with the same printing staff they had before...