Word: make
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Dates: during 1950-1959
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Chairman Martin pointed out that the index of industrial growth is a more significant indication of the economy's bustle than many other indicators, such as gross national product. It is a pure index of real production, does not include the inflationary rise in prices, which often makes the rise in other indexes seem greater than it actually is. Said Martin: "As the structure of the economy keeps changing, the job of combining measures of its many parts into a single index cannot be done without having to make major revisions every few years." With increasing use of electronic...
...underpowered (he is beefing it up). He is not afraid of the Big Three's forthcoming compact cars. "They will have six-cylinder compact cars, but we have an eight," says he. S.P. will add a 1960 Lark four-door station wagon and a convertible, but confidently will make no basic changes in style. Churchill is betting that the Big Three's entries will fan public interest in U.S. smaller cars, double the market to more than 20%. And he believes that his Lark-already off to a flying start-will wing away with a fair share...
...business. ''All of a sudden," says Klaus, "we found we couldn't afford that luxury. What we needed was action, not conversation." They split management duties down the middle, isolated themselves from each other except for a Monday dinner, at which they make all corporate decisions. Says Klaus: "Ken Reiner's the brains of this outfit. As for me, I figure if you don't have brains, there's only one thing left-make money...
...because the U.S. did not push it with vigor. Now the U.S. expects to plump hard for Ida at the World Bank's September meeting in Washington, set it up with initial capital of $1 billion (one-third contributed by the U.S.) by late 1960, gradually make it shift more and more of the aid burden from individual nations...
Because developing nations have a growing need for all kinds of capital-not just dollars-Ida would make loans and accept payments in soft currencies as well as hard. To get a loan, a borrower would have to ante up some of his own money. Having a stake in Ida, the soft-currency countries would have a real incentive to spend Ida's money with prudence...