Word: product
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Dates: during 1960-1969
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...your tribute to John Maynard Keynes [Dec. 31]. It is so understandingly appreciative and so effective. In the crude early days of our economic development, Marx shrewdly appraised our system's weakness -workers got only a subsistence wage, were thus unable to buy back the product of their labor. Marx advocated revolution as the remedy. It was Keynes who saw the way out. As a result of his influence, wealth circulates with great freedom in our whole society, as you so well state. It is this triumphant answer to Marx that makes the teachings of Keynes so valuable...
Westmoreland belongs to the age of technology-a product not only of combat but also of sophisticated command and management colleges from Fort Leavenworth to Harvard Business School. The son of a textile-plant manager in rural South Carolina, Westmoreland liked the cut of a uniform from the time he was an Eagle Scout. Though he never made the honor roll at West Point, he was first captain of cadets (class of '36) and won the coveted John J. Pershing sword for leadership and military proficiency...
...Minute. In the 1964-65 contract bargaining, the N.F.L. had squeezed a 200% price increase out of CBS. But that killing was the product of three-network bidding for the rights. This time, NBC was already locked into a fiveyear, $36 million deal with the rival American Football League, and so out of the picture; and ABC, which had just committed $15.6 million for two seasons of college ball, was "not terribly interested." The virtual elimination of the competition, however, did not necessarily make it a buyers' market for CBS. For one thing, the National Football League could peddle...
Angering the Competition. The principal product of the Guayama refinery, however, will be 24,800 bbl. daily of motor fuel for U.S. East Coast markets, in which Phillips is expanding. Since all oil imports are under quota, a presidential proclamation was required to enable Phillips to ship oil products from Venezuela to Puerto Rico. Other oil companies will have to cut their import allotments to accommodate Phillips. Result: the two-year period in which the Interior Department studied the Phillips-Puerto Rican application produced a bitter oil-industry battle...
Despite these prospects, Singapore may face insurmountable odds. Manufacturing provides only 20% of its gross national product, and the vast British naval and military bases provide 23%. Thus more than half Singapore's economy is still dependent upon trade, and as the country's relations with its neighbors remain tense, other Asian lands are eagerly grabbing its business...