Word: product
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Dates: during 1960-1969
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Bargaining Tool. Nothing could cripple the complex economy of the U.S. more swiftly or spectacularly than a rail strike. In a month-long walkout, the President told Congress last week, unemployment would rocket from the current 3.6% level to 15%, and the gross national product would plummet by nearly $100 billion-after a first quarter during which the $764 billion-a-year G.N.P. failed to show any substantial growth for the first time since 1961. Some 750,000 New York, Philadelphia and Chicago commuters would be stranded, and Defense Department shipments would be cut by as much as 40% -including...
...Washday Merger. Justice Douglas, who wrote the opinion, seemed reluctant to set any guidelines. "It does not particularly aid analysis," he wrote, "to talk of this merger in conventional terms, namely, horizontal or vertical or conglomerate." Noting that bleach complements Procter's other washday products, Douglas decided: "This merger may most appropriately be described as a 'product-extension' merger...
Although Litton is the king of conglomerates, its Stouffer deal may smack of what Justice Douglas called "product extension." Litton is, among other things, the biggest maker of microwave ovens, and Stouffer is one of the more advanced frozen-food processors. Together, they hope, to create dishes that can be baked or broiled in record time...
...medical evidence is mounting that a good deal of marijuana currently sold to students is adulterated, indeed often "laced" with mixtures of other hallucinogenic drugs to strengthen the effects of the drug. Marijuana is not a specific product but a variable mixture of flowers, leaves, stems, and sometimes the roots of the hemp plant. The mixture may be weak or strong in its physiological effects, and where it is weak, invites adulteration. The fact is a person buying "marijuana" has no way of knowing what he is actually getting...
...Town, written in 1944 by Betty Comden; Adolph Green, and Leonard Bernstein as a fancy-free and slightly before-its-time first-effort, has settled down into comfortable period-piecedom. Quincy House has revived this product from the age of Chiquita Banana and has missed little of the charm of a show about three rube sailors who fall in love with three city girls while on 24-hour leave in New York...