Word: product
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Dates: during 1960-1969
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Pride & Promise. The President's report reflected little of the nervousness, promised even better times ahead. In 1965, said Johnson, the U.S.'s gross national product grew by $47 billion, which was $9 billion more than his economists had anticipated. The tangible rewards of expansion were a 7.5% rise in personal income and a 20% jump in after-tax corporate profits (see following story). Profit-heavy corporations provided the fastest-rising single force in the expansion by increasing their capital investments $9.5 billion; the economy was also lifted by the "extraordinary strength of consumer demand" and the increase...
...General Foods, after Procter & Gamble and General Motors the nation's third biggest advertiser, with billings last year of $111 million. Within the month General Foods has fired one of its four agencies outright (Foote, Cone & Belding), stripped a major account from another (Benton & Bowles), and rejiggered product assignments between the remaining two (Young & Rubicam and Ogilvy & Mather). In the process, General Foods showered $17.5 million in new accounts on two of the hottest agencies in the business: 13th-ranking Doyle Dane Bernbach, whose sophisticated soft sell for Volkswagen and inverted hard sell for Avis has spawned a school...
...cultural programs to a $100,000 reduction in translating foreign-fishery reports. In addition, the President requested restoration of the recently canceled excise tax on cars and telephones, proposed to speed up tax collections and sell federal mortgages to private investors. Thus, with revenue from a 1966 gross national product estimated in the budget at $722 billion-up $46 billion from 1965's record-the Administration estimates that it can hold the deficit to $1.8 billion...
...well adapted, and it operates fairly and reasonably to achieve an objective which is within the power of Congress to achieve." He pointed out that Southern states, where racial segregation is the rule, had thus long violated the 14th Amendment, yet now sought to use the end product of that violation -inferior Negro educational and economic attainment-as an argument to keep the Negro from voting, in violation of the 15th Amendment...
...Amorphous & Far-Reaching." To Justice John Harlan, the last part of Douglas' argument was dubious. "This decision is more the product of human impulses, which I fully share, than of solid constitutional thinking," he said in dissent. He argued that the "public function" of privately established schools and privately established parks is clearly similar. If the majority thought that its decision left "unaffected the traditional view that the 14th Amendment does not compel private schools to adapt their admission policies to its requirements," said Harlan, he did not agree. He found it difficult "to avoid the conclusion that this...