Word: grosse
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Dates: during 1950-1959
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Though the federal deficit will continue to be large, possibly running to $10-$12 billion next year, it will still represent less than 3% of the gross national product, hardly a harbinger of runaway inflation. The bothersome rise in the wage-price spiral will be slowed by several deflationary factors: widespread overcapacity in basic industries, a squeeze on profit margins, no recurrence of a labor shortage as working-age population rises. What the bank expects is a relatively stable growth pattern over the next five years, with prices rising a modest 1% or 2% each year. Any further acceleration...
...jury were 17 Ford, 14 Chevrolet and eleven Oldsmobile dealers. The charges: setting minimum prices on new cars for several years, as well as agreeing to refrain from price advertising and pegging prices of parts, accessories and service. In addition, Ford and Olds dealers were charged with setting minimum gross profits per sale ($225 for a Ford, $450 for an Olds). The Ford Motor Co. itself was accused of cooperating with a price-fix conspiracy by fixing resale prices of Ford parts...
...husband and two small sons during their stay in an Andalusian fishing village. Without caricature, describing people and not types, the author presents the villagers-the fishermen who starve with grace when rough weather keeps their motorless vessels ashore, the aging, middle-class virgins who embroider napkins by the gross while conducting decade-long engagements, the rich who choose not to be distressed by the poor...
...April 1958 in the jig time of nine months-two months faster than the 1949 recession and a full four months sooner than in 1954. At times, particularly during February and March, the current slide was sharper than in the other two recessions. But so was the upturn. Gross national product has apparently turned around after dropping for two quarters, v. a year of backing and filling in 1949 and a year of decline in the 1954 business downturn. Industrial production recovered in eight months, v. eleven months and twelve months before any steady rise took place in the other...
...CAPITA DEBT in U.S. is now $4,310, has climbed 24% in last five years to "almost unbelievably large" total of $750 billion, says Chase Manhattan Bank. Yet debt is only 1.7 times the value of gross national product-no more, no less than average ratio since...