Word: fortnights
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Into a Tight Corner. Last week in Manhattan, A.F.L.-C.I.O. President George Meany called advancing automation "a curse" and repeated his call for a 35-hour week-both positions that the Administration's economists have rejected. Fortnight ago Walter Reuther told a meeting of union chiefs that Walter Heller, the President's chief economic adviser, had "understated" the unemployment problem. Criticism of specific Administration economic proposals has also been coming with more regularity from such academic economists as Yale's William Fellner, Vanderbilt's Rendigs Fels and Michigan State University's Charles Killingsworth, who recently...
...Christmas season began at Thanksgiving-but it seems to be getting earlier every year. This year, Thanksgiving is late, and there are only 22 shopping days between Thanksgiving and Christmas, the shortest span that can occur in the six-year cycle. Last week, with Thanksgiving still a good fortnight away, many of the nation's stores began breaking out in Christmas lights and decorations, advertising Christmas sales and scheduling extra late-shopping nights...
...hand -but he still believes in observing from life. William McChesney Martin Jr., chairman of the Federal Reserve Board, likes to make his own spot checks before joining in the major decisions that affect the U.S. economy. Before the Federal Reserve vote that increased stock margins to 70% a fortnight ago, he followed the same procedure, roaming the streets and offices of Manhattan...
With that as a goad, the Common Market's farm chief, Sicco Mansholt, 55, a Socialist dairy farmer and The Netherlands' former chief of agriculture, fortnight ago proposed a bold plan to equalize the Six's grain prices by next July. By Mansholt's reckoning, the French would have to raise their grain prices by 8% to 15%, while the Germans would have to slash theirs by 11% to 15%. Last week the distressed Germans pleaded for time to weigh this shocker-Chancellor Ludwig Erhard will discuss it during visits this month to De Gaulle...
Aside from wanting Shell's capital, Faina hopes to get rid of such unprofitable divisions as Montecatini's mining operations, expand the company's aluminum operations and concentrate more on producing its plastic discovery, polypropylene, which a fortnight ago won a Nobel prize for Chemist Giulio Natta. The first commercial use of polypropylene, made in Italy under the brand name Moplen, enables Montecatini to manufacture plastic materials that are tougher and more heat resistant than any so far produced. The plastic can be dyed any color and be made to float, is already widely used to make...