Word: hifi
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...borrowed $5,000 to go into real estate, guessed right on the horseshoe's land boom, last year grossed $33 million. Japanese-Canadian Arthur Tateishi, 40, who began building phonographs in his basement after work hours, went into business in 1945, expanded to meet the new demand for hifi, last year grossed...
...that is hooked into a single-sideband radio, enabling Ike to talk to any spot in the world. For classified conversations, his radio operator uses a radio-teletype which scrambles messages that can only be unscrambled at a single receiving point. Also aboard: reclining chairs, sofa beds, tape player, hifi, two galleys, two astrodomes...
...Ayer expects to sell his new purchases to charter and cargo lines, will keep some planes himself and lease them to carriers for peak seasonal loads. For corporations, he will do a Convair over completely (bar, hifi, etc.), raise its fuel capacity to give it 50% greater range, put it in anyone's hangar for $385,000. Abroad, he is counting heavily on regional lines that cannot yet afford jets, but need better planes than they now have...
...most convincing argument against government intervention is the industrial lessons of the last few years. Booms in hifi, boating, photography, travel, frozen and gourmet foods, all come from relatively new things that tempted 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...
...then quits for Mexico City's typically heavy (steak and trimmings), typically drawn-out (two hours) dinner. Back at work at 6 or thereabouts, he works into the evening, then spends an hour or two in a smoking jacket with a detective story or Beethoven on stereophonic hifi. He likes to play canasta and watch fights...