Word: marketing
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Dates: during 1950-1959
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...that stunned lawyers on both sides with its bold and unexpected reaches, a four-man Supreme Court majority (Warren, Brennan, Black and Douglas)† overruled Judge LaBuy. Completely bypassing the Government's main charges-that Du Pont had violated the 1890 Sherman Act by fencing off the G.M. market from Du Font's competitors-the court based its decision on Section 7 of the 1914 Clayton Act, to which Government lawyers had devoted only six pages of their 100-page brief and only perfunctory oral argument. Section 7 bars a corporation from acquiring stock in another, "where...
...Pont had at least tried to influence G.M.'s buying policies, the court cited letters and memos written by Du Pont officers (none later than 1926). Item: Treasurer Raskob's 1917 report, arguing that purchase of G.M. stock "will undoubtedly secure for us" the entire G.M. market for paints, artificial leather and other Du Pont products. Concluded the highest court: "The inference is overwhelming that Du Font's commanding position was promoted by its stock interest and was not gained solely on competitive merit...
...crisis. Politicians of the left and center, bickering among themselves, became aware of a common peril. By delaying the formation of a government, anti-European groups in the Assembly, ranging from Gaullists through tax-dodging Poujadists to Communists, hoped to postpone the scheduled June 14 ratification of the Common Market and Euratom treaties...
Plentiful Food. Long queues, once the most characteristic street scene in La Paz, have disappeared. Instead of lining up for supplies of subsidized food and then rushing to sell them on the black market for a tenfold profit, Bolivians shop from plentiful stocks. The free price of bread and meat is about one-third the old black rate. Farm production will be up 59% by the end of the year. The boliviano has come down from its crazy peak of 13,000 to the dollar, and has been averaging...
Down with Pessimism. With the interest rate on new bond issues skittering upward, the market for old bonds with a lower coupon rate inevitably sagged to new lows. The Dow-Jones bond average of 40 representative rails, utilities and industrials dropped to 88.14% of face value, the lowest since 1942. The drop wiped out the gains since last winter, when for a short time bond prices seemed to have reached the bottom and started upward (TIME...