Word: low-cost
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...assembly plants, 75 order offices, its own credit bank, and branch offices in Austria, Sweden, Luxembourg, Canada and the U.S. It also runs seven department stores for those who want the price advantage of Quelle without the catalogue, plans to open three more this year. By shrewd purchasing and low-cost production, Quelle keeps the prices of most of its 22,000 items 15% to 20% below those of other retailers. It introduced the first inexpensive fully automatic washing machine on the German market, Germany's first 23-inch TV set, and a simple $59 sewing machine that...
...overthrow of President Miguel Ydigoras Fuentes. He began by proclaiming Decree Law No. 1: subject-labor reform. Peralta promised equal pay for both Indians and whites, an eight-hour day and a 48-hour week, paid vacations, maternity leave, the right of farm labor to organize unions, "encouragement" of low-cost housing. And finally, said Peralta. "We intend to eradicate Communism, totally, from Guatemala...
...Children's Orthopedic Hospital, which he built in 1945. His eldest son's tragic death by drowning in 1952 has impelled him to do even more for children. He founded a children's nursery in Maracaibo in his son's memory. His current enthusiasm is low-cost private housing. Helped by a $5.000,000 loan from the U.S., Mendoza has built 500 houses, has 2,000 more under construction, and plans to start 3,000 more this year...
...which were host this winter to a record half-million tourists. On the edge of the city, entire new suburbs are in being or abuilding. At Medinet el Waqf, Egypt's new managers are housed in modern stucco cottages. On the northern rim of the city, 40,000 low-cost housing units were erected last year...
...exports by 8? per lb. in order to compete in world markets. This is one reason that, since World War II, the U.S.'s long-held textile trade surplus of $300 million has turned into a gold-draining deficit of $400 million yearly as foreign textile men push low-cost, cheap-labor textiles into the U.S. market. The Textile Institute's President William H. Ruffin, who will be succeeded in the job later this year by Stevens, captured the general mood of the convention: "All that this industry wants is a chance to buy American-grown cotton...