Word: product
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Dates: during 1960-1969
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...Supreme Court's apparent step backward toward your own smug preference for guarding society from "smut peddlers," [April 1] you neglect to criticize the Ginzburg case for its deviation from the legal distinction between direct and hearsay evidence: is obscenity now to be defined by examining not the product itself but how the salesman touts it? If indeed Americans so desperately need guidance that censorship is necessary, let our mentors at least concern themselves with the contents of the allegedly pornographic package instead of its wrapping...
Distinct from engineers, who are concerned with design and construction, the applied mathematician generally confines himself to the mathematics of the problem, hopefully coming up with answers which are implicit in the engineer's end product...
Ironically, the surge in imports results from the exuberance of the U.S. economy. When the total national output of goods and services grows by 5% a year, Government analysts figure that imports increase at the same pace. When gross national product swells at a rate of 8% to 9% a year, as it did in the last three months of 1965, then such is the increase in buying power that imports grow twice as fast. In the fourth quarter, they shot up 17½% and Commerce experts predict that performance will continue through 1966. As a result, the U.S. trade...
...industry has come a long way since the all-too-recent years when it languished under lethargic management in inefficient New England plants. Little more than a decade ago, J. P. Stevens & Co., the U.S.'s second largest textile-fabric maker, did not produce a single consumer end product; now it makes dozens, including sheets, towels, blankets, stockings and draperies. The industry also has prospered as a result of imaginative research. For example, Burlington Industries, the largest of them all (1965 sales: $1.3 billion), sells thermal-lined draperies with a thin layer of acrylic that effectively absorbs cold drafts...
...nationalized 53% of Austrian industry: steel, aluminum, oil, chemicals, leather, paper and lumber, plus the deficit-burdened state railway. Hobbled by price control, high taxes to finance lavish welfare programs and a chronic lack of capital, both nationalized and private industry have been loath to expand into new product lines or even to modernize plants rebuilt after World War II with $1 billion of Marshall Plan aid. On top of that, much of private industry is fragmented into pint-sized firms-25% employ no more than 20 persons. Predictably, they turn out goods in small volume at comparatively high prices...