Word: product
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Dates: during 1960-1969
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...justice, of economic progress have been seized by governments and by leaders and by parties throughout the hemisphere." Fourteen nations now have tax and land reforms under way; ten nations have submitted full-dress development programs for Alianza study. As an overall result, Latin America's gross national product has spurted steadily higher over the past four years, rising as much as 40% in Nicaragua...
...Manufacturing Co.'s ad for Dynachrome gets the same result by boasting that its color film produces just as good pictures as "the stuff in the yellow box." Reflected Strength. For such industry leaders as Gillette, naming the competition is largely a matter of reminding consumers that their product sells most and is therefore, by inference, best. Most advertisers who name their competitors, however, are underdogs trying to draw reflected strength from the prestige of their better-known rivals. So far, the ad industry disagrees about the desirability of the new trend. Says Fairfax Cone...
...million to $5 million a month. To help out, the U.S. is putting cash in the hands of laborers through $6,416,000 in emergency grants for road and irrigation projects. That is at best a stopgap move. The country, which barely got through with a gross national product of $824 million in 1964, will probably end up with a G.N.P. for 1965 of $700 million...
...improve the data. Retail sales figures, once just totals, now show what kinds of merchandise are selling and where, and figures on personal income have been broken down into 100 metropolitan areas as well as by states. Later this month the biggest figure of all, the gross national product, will get a long-awaited and thorough overhauling to make it more accurate and more timely...
...ultrahazardous activities. A contractor using explosives, for example, is strictly liable for injuries to bystanders. But except in the case of food and drink, the doctrine has never applied until recently to normal sales transactions. Now it is being rapidly extended to cover the sale of almost any product that has some potential danger-from roller skates to airplanes. A key precedent in this process occurred in 1960 after a New Jersey driver slammed his new car into a brick wall, apparently because the steering wheel was defective. Even though the trial judge was unable to find evidence of negligence...