Word: marketeers
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Dates: during 1970-1979
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...publicity hits Chrysler at a time when it is peculiarly vulnerable. The company lost $120 million in this year's first quarter, and expects at best to break even for the rest of the year. Its share of the market for U.S.-made cars is down to about 13%, vs. a recent high of 16.2% in 1974. It has been counting on the Omni-Horizon to increase its market share, haul it into the black and help persuade investors and lenders to put up the $7.5 billion that it must spend over the next five years to bring...
...prime reason for Japan's diminishing expectations is the increasing annoyance of the U.S. and Europe with the country's policy of saturating world markets with its goods, while tightly controlling access to its home market-the third largest after the U.S. and the Soviet Union. The result: Japan piled up a trade surplus of $17.3 billion last year, $8.1 billion of it with the U.S. alone...
...protectionist backlash, and pressured by the U.S., the Japanese government in April issued an "administrative guidance" calling on producers of steel, TVs, autos, watches and cameras to try to hold exports to or below 1977 levels. So far, the plan has not been working. Exports to the American market alone jumped by 35% in May. Japan's Economic Planning Agency conceded that the nation will ship out $23 billion more in goods than it will bring in this year, and in the process pile up a whopping $9.5 billion surplus with...
...Rotten Egg," a young mother is virtually overcome by anxiety because her small child is rumored to have repeated a counterrevolutionary slogan picked up on the street from his playmates. K'uai Shih-fu is a common worker who, irritated because he cannot buy fish at the market, is provoked into a small but redeeming act of political defiance. These subtle, honest tales are apt to be considered literary oddities, parochial stories set in an exotic political landscape. They deserve greater esteem. The Execution of Mayor Yin is in the great tradition of Orwell and Solzhenitsyn; its true subject...
Like Simon, Kristol believes that conservatives have suffered from a lack of ideas. He takes issue with such champions of the free market as Hayek and Milton Friedman, who believe that capitalism is its own reward, that its blessings are automatic and should be appreciated for what they are. Echoing untold prophets and philosophers, Kristol warns that materialism is not enough. People have to believe that an institution offers a model for behavior...