Word: oversold
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Dates: during 1950-1959
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...whispered that the English and French members of the jury had oversold their favorites. Morandi, who specializes in painting bottles, was a disarmingly quiet candidate, and his countrymen are inclined to be as modest about their moderns as they are proud of their old masters. More important: no still-life painter now working has a subtler talent for arrangement, texture and tone. Morandi's still lifes carry forward the great traditions of Cézanne...
Zenith Radio Corp.'s President E. F. McDonald Jr. (whose company has cautiously avoided color TV) charged last week that RCA had deliberately oversold the industry on color since 1953. In 1954 industry-wide licensing agreements, by which RCA collects royalties from other manufacturers using any of thousands of its radio, black-and-white and color TV patents, were due to expire. With affiliated NBC, charged McDonald. RCA engaged in "premature tub thumping for color television to induce manufacturers to sign up for a new license term of five years, and to continue collecting millions of dollars a year...
...most business analysts insisted that World War 11, like every other major conflict since Napoleon's day, would be followed by a depression. They failed to take into account the huge backlog of buying power behind bottled-up wartime shortages. Many of them underestimated the 1953 boom; many oversold the 1954 recession. Even in January 1955, as the U.S. hummed into an alltime record year, eight economists at a congressional hearing foresaw only a slight pickup from 1954. At the start of 1956, almost all economists were correct in predicting that business would be good...
...commercials for Oldsmobile, which paid $275,000 to sponsor the program, were as bad as TV's worst: guided by Cinemactor Paul Douglas, who used to be a radio announcer, the plugs for the sponsor were overdone and oversold. Complained Daily Variety next day: "The industry . . . found itself demeaned by an overanxious huckster . . . The real blind fault lies with the film biz, which lets an outsider take over the Academy Awards on the world's best-selling medium. Oscar night should find pictures being sold-not cars oversold ... If the film biz should continue its stupid failure...
...glass of water to the brim without spilling a drop, Treasury Secretary George Humphrey last week turned in a neat performance with the national debt. The Treasury's recent offering of $2 billion in seven-year 2¾% bonds went so well that Humphrey permitted it to be oversold by $240 million. With the market for Government borrowings beginning to tighten up for the first time in many weeks, Humphrey did not know when he would be able to sell bonds at such a low rate again...