Word: high
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...effect of this artificially high base, says Balderston, is that it crimps U.S. competition abroad (see Foreign Competition) and causes job losses at home. "The recent behavior of prices suggests that American firms have not improved their ability to compete at home or abroad. You hear of business being lost to foreign firms. This should give us cause to ponder, particularly about losses in lines where we have traditionally had an advantage. And firms can price themselves out of domestic markets, too. This should lead us to question whether job opportunities would not be greater if some prices were lower...
Blaming Profits. Congress also was beginning to dig into prices. One big reason they are so high, believe Tennessee's Democratic Senator Estes Kefauver and Wyoming's Democratic Senator Joseph C. O'Mahoney, is the "administered price," which largely ignores demand in deference to industry's effort to improve profits. Last week the Senate antitrust subcommittee, headed by Senator Kefauver, held hearings on a bill introduced by Senator O'Mahoney to require companies in highly concentrated industries to give 30 days' advance notice of any price hike...
...meeting of land-selling General Development Corp. in Miami last week was Peter Theakston, 13, who had banked enough from his newspaper route to buy four shares last January at 38⅜. Like other shareholders, Peter was concerned by the stock's gyrations (TIME, March 30)-selling as high as 77½ in mid-March, down a fortnight later to 45⅛. Nobody had the courage to ask management for an explanation, until Peter spoke up: "Why did General Development stock rise so fast and then drop so fast?" President Frank Mackle pleaded embarrassed ignorance...
...loss of the U.S. competitive edge. Some U.S. exporters fail to study the foreign market, use it only as a dumping ground for surplus that they cannot sell to the U.S. For example, Germany dominates the radio-set market in Ecuador because her makers produce a compact, high-quality, inexpensive multiple-short-wave set; it sells well in a country where much of the listening is to foreign stations. Comparably priced U.S.-made sets bring in only nearby stations, have only a limited market. U.S. businessmen find it hard to obtain Government help in export financing when private capital...
...Kaiser plan, masterminded by ten experts who hopscotched the country for six weeks, foresees harnessing the power of the crocodile-infested Volta River to work aluminum plants. First step is to build a 230-ft.-high dam near Kosombo (see map), 60 miles northeast of Accra, then add two satellite dams. They would generate 974,000 kw. (100 times as much as produced now in Ghana), back up a man-made lake that would equal the world's biggest (3,500 sq. mi.), which itself would create a new fishing industry to improve the protein-shy Ghanaian diet. Cost...