Word: prices
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Dates: during 1940-1949
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...Economist places the present price of government (including social services) at 40% of the total of all income, personal and corporate, in the nation. (This compares with about 25% in the U.S.) The Economist believes this proportion is likely to rise because:1) defense spending is going up, 2) established social service programs call for expansion and 3) new governmental services may be established...
...people also want material advantages for their labor, he said. Labor strikes for steady employment at higher wages, shorter hours, and more comfortable working conditions. The public, Dr. Compton said, wants the quality of goods to go up and the price to go down. Business wants higher profits. People was better housing and better health. Governments, in our expanding civilization, need more tax money...
Much of the crop had been grown, not for a booming market, but to cash in on the Government-supported price. At 32½? a lb., the support price was about 300% over prewar levels. Last year, in spite of falling demand, U.S. cotton growers had turned out the biggest crop (14.9 million bales) in eleven years, giving the U.S. a carryover of some 6,000,000 bales...
Bags & Bounties. This year there will be still bigger plantings. Californians guessed their increase, alone, would run from 11% to 24%; the national increase will probably run 8% or more. All of it would bring a high price, thanks to the Government's bounty. Said a Mississippi conventioneer: "It's just a case of taking the gravy while it's good...
...American Junior Aircraft Co. of Portland, Ore. displayed at the 46th annual American Toy Fair. It carried a tone transmitter (see cut) which controls the steering of a glider airplane by sonic vibrations. A steady sound tone makes it fly straight, interruptions turn it alternately right and left (price: $25). The 10,000 U.S. retail buyers attending the toy fair did so much early Christmas shopping that the Toy Manufacturers of the U.S.A. reported that 1949's business would be just as good, if not better, than last year's estimated $400 million...