Word: leaners
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...original orchestration exults in a luscious palette of tone colors. But in 1928 Webern revised the score for a performance in Berlin. A personal tendency toward leaner writing, as well as the postwar decline in the size of orchestras, led him to reduce the number and variety of the brasses, woodwinds, and percussion...
...INVENTORY SPENDING. Walter Heller, chief of the President's Council of Economic Advisers, figures that the current rate of trade and manufacturing sales would justify a further $3 billion rise in inventories this year. But Heller appears to be ignoring the fact that businessmen are operating with much leaner inventories than in times past. Computers permit them to schedule stocks more closely to day-to-day sales; stable prices and plentiful capacity have removed the old fears of inflation and shortages...
...possible more accurate and rapid forecasting of the economy's swings, and 2) it permitted businessmen to adjust their inventories more closely to those swings. Because any change in final demand is now quickly translated by computers into a rise or fall in production, businessmen can operate with leaner stocks, cut down the high costs of accumulating and warehousing inventory. And by spotting economic danger symptoms early, the computers enable business and Government to apply early remedies. Says Stanford University Economist Kenneth Arrow: "There won't be a 1930 again...
Perhaps the sharpest impact of the imports is psychological. The knowledge that outside sources are readily available has encouraged steel users to operate on much leaner inventories than in the past. More important, breakthroughs in electronic data processing make possible far tighter inventory controls, have helped customers to cut steel stockpiles from 20 million tons before 1956 to 10 million tons now. At the same time, steel is being pinched by the general leveling-off in hard goods (TIME, Sept. 8), and the torpor in major steel-using industries, e.g., oil, housing, railroads...
...Flat? For all his confidence, Romney does not underestimate the threat he faces-or expect anyone to underestimate him. "We don't have research and development facilities in magnitude equal to the Big Three," he says. "But we have greater freedom and flexibility of operation. We're leaner. We're harder. We're faster. I've seen halfbacks, out in the clear, trip and fall flat with a sure touchdown in sight. That sort of thing could happen to anybody." Then Romney breaks into a wide grin: "But I don't intend...