Word: marketeers
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Dates: during 1960-1969
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...Salaam's sprawling Kariakoo market, a screaming mob halted buses and dragged off African girls wearing tight dresses or miniskirts. The girls were beaten and some had their clothes ripped off. With fine impartiality, the mob also beat up youths wearing tight-fitting satiny pants. It was "cultural revolution," African style...
...European boarding schools. African culture never produced such a clownish performance." On the other side, an upholder of law and order wrote that "the Wall Street mob of American society that watched a busty woman is more desirable than the unruly mob that besieged terrified girls in the Kariakoo market...
...producer, regardless of size, has been able to control the market," said the report. "Automobiles are bought and sold on the basis of customer choice in a setting of intense rivalry. This rivalry has produced a steady improvement in quality, safety and value and a greater variety of choices for the auto buyer than at any time in history." To support its case, the company pointed to the historic fluctuations in its share of the U.S. auto market: under 14% in 1921, 38% in 1946, a high of 52% in 1962, and 48% for the first eight months...
Still the Biggest. Common Market experience has accustomed many manufacturers to a "multinational" outlook. There is also a weakening of the persistent European notion that U.S. antitrust and securities laws are somehow stacked against foreign operations (they are not). But the main drawing card is that the U.S. market is still the world's biggest and most profitable. Describing his own experience last June, Marcel Bich, whose Bic pen company bought out Waterman Pen Co. in 1959, could hardly contain himself. "The States, it is tough," he declared. "But when it works, it pays!" Bich has long since recouped...
They all sounded alike. All honest about their faith in the market system. All exuberant about the tremendous value of this dialogue with concerned young people. All extraordinarily proud of Dow. In pairs, they tended to play straight man for one another, laughing at each other's jokes. And they all kept repeating how wonderful it was that at Dow every man was free to think for himself...