Word: localize
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Dates: during 1950-1959
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Cook County's Jack Arvey, last of the big-city-machine bosses, wandered aimlessly around the Conrad Hilton Hotel, his local and national power diminished in the last year. At least, the assembled pols knew Arvey. Most of them did not even recognize Richard Balch, chairman of the once-powerful New York State organization. The voice of labor was muted, too. The C.I.O.'s James Carey and Jack Kroll offered little advice and were asked for less. Representative Franklin D. Roosevelt Jr., who has caused hard feelings with his demands for 100% party loyalty, was not present. Many...
Though Portland is already used to the word (it is in Multnomah County, and has both a Multnomah Hotel and a Multnomah College), most of the citizenry showed boredom or open hostility to the idea. Local officials seemed genuinely horrified at the prospect of the expense and bother involved. Cried another Portland writer, Richard L. Neuberger, in summing up the general reaction: "I think Neuberger is a hell of a name, too, but . . . I'm not going to change...
British industry. The report urged public ownership for only one industry: water supply, which is already largely controlled by national and local boards. While making no apologies for the nationalization brought about by Labor (steel, transport, coal) in its six years in power, the unions said cannily that caution and further study are necessary before further nationalization is attempted. It was a remarkably conservative stand ("The report goes far beyond caution about nationalization," commented the influential Economist. "It goes against nationalization"). "Betrayal!" cried voices from the left wing. But the majority did not think so. Armed with proxies...
Love That Tax. Most of the musius are not in the least concerned with local politics. Discussing the army dictatorship that has bossed Venezuela for the past five years, a banker explained recently: "You have freedom here to do what you want to do with your money, and to me that is worth all the political freedom in the world." Venezuelan law lets the foreigner operate freely, and U.S. firms, which own two-thirds of Venezuela's $2.3 billion foreign investment, take their profits out in dollars, with no red tape. Yanquis residing in Venezuela pay no U.S. income...
...I.G.A.'s wholesalers to provide uniform-quality meats by ordering directly from packers. He persuaded more than half of them to stock prepackaged fresh fruits and vegetables, started putting out I.G.A. labeled products. Example: two months ago, an I.G.A. wholesaler in Champaign, Ill. made a deal with a local dairy to supply milk with a special I.G.A. label. Such mass purchasing helped I.G.A. stores to cut the price of milk 2? a quart to 19? and still make a 2? profit. Milk sales increased...