Word: marketing
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Dates: during 1950-1959
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Last week there was action. The President reminded the U.S. of both its strengths and weaknesses. The stock market rallied. The missile program exploded with successes. The spur-of-the-moment conference between Dwight Eisenhower and Britain's Prime Minister Harold Macmillan, formless in its inception, turned into a program for free world development. Leadership had begun to reassert itself...
...White House the week began with the President in a foul humor. He resented the blatantly political charges by the Democratic Advisory Council that he had handled the Little Rock school integration crisis indecisively. He was concerned about the gyrations of the stock market. He was infuriated by White House Adviser (for foreign economic policy) Clarence Randall's description of the Soviet Sputnik as "a silly bauble." Dwight Eisenhower scowled darkly at the humdrum text of a speech on medical education, tb be delivered to the National Fund for Medical Education that night in New York. Growled...
...people have turned from the Tories, but they have not yet turned to us," said Opposition Leader Hugh Gaitskell at the Labor Party conference last month. Last week the diagnosis was confirmed in a by-election in the ancient East Anglian market town of Ipswich, held to fill the parliamentary seat left vacant by the death of former Laborite Works Minister Richard Stokes...
...primary purpose was to supply kip to pay and support the army. But in the two years since then, as the U.S. steadily broadened its aid program, the free rate has soared as high as 120 kip for $1 in the markets of Vientiane, Bangkok and Hong Kong. The disparity between official and free-exchange rates has become an open invitation to speculators. The system works this way: a Laotian importer wants to bring in 20 radios at a unit cost of $50 each. He gets an import license for $1,000 worth of radios from the Laotian government...
...Toronto Stock Exchange, the indexes for base-metal stocks, golds and uraniums all plunged to their lowest levels since 1954; the industrial index hit a 2½-year low. Next day bargain hunters swept into the market and share prices staged the biggest rise in the exchange's history, but the steam soon went out of the buying wave. As in the U.S., where Wall Street had a similar case of the shakes (see BUSINESS), prices seesawed indecisively for the rest of the week. Shares listed on the exchange lost $5 billion in paper values since the market...