Word: product
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Dates: during 1960-1969
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Moreover, there exists no guarantee that tax reduction will produce an increase in even this sort of investment; precisely because the large public corporations are run by essentially conservative management corps, there is no reason to assume that they will take the risks involved in product innovation and expansion of output. As the enormous concentration of capital in the arms industry demonstrates, these men prefer to have a demand for their product assured in advance, and are not overly fond of the fickle consumer market-place. From the corporation's point of view the priority is not one of creating...
This year's $57 billion defense expenditure is supplying only 3.1 million workers with jobs in the increasingly automated defense industries; and the multiplier effect of arms spending is muffled by the nature of the product, which is not made to be used, and which creates few ancillary needs. Because of the reinvestment pattern in the highlylucrative areas of defense production, more and more money is being spent each year to keep fewer and fewer men working...
Economically, the combined gross national product in Latin America rose by roughly 5% in 1962, and some $200 million in private U.S. capital is flowing into the area annually. Last year this was offset by the fact that investors staged a massive withdrawal from Venezuela. But now, reflecting faith in the stability of the Betancourt government, they are starting to put money back in. Most investors seemed reconciled to the fact that the days of the fast, fat return are over and .that long-range, better-protected returns are likely. This should help eliminate the frequent monetary crises of Latin...
...many ways, the Mexican economy appears as hardy as a flowering desert cactus, a bright contrast to its hemisphere neighbors. For 1962, according to the Bank of Mexico. Latin America's thirdbiggest nation pushed its gross national product 4.2% higher than 1961; manufacturing output rose 5.2%, total investment was up 6%, and merchandise exports climbed 12.1%. Thus nourished, Mexico is fast developing a middle class...
Dear Me, the Sky Is Falling is that peculiarly ambivalent Broadway product, the disarmingly mindless comedy that a playgoer may attend without feeling gypped, or ignore without missing a thing...