Word: product
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Dates: during 1960-1969
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Satisfied that no product called "Reduce-a-Leg" existed, the inspectors asked about a possible connection between it and "Hairgreaux," another mythical product invented by the Peon...
...reproduction and high pressure distribution to which we owe the cultural 'awakening' necessarily distort and thus destroy. All the new media make arbitrary demands on the materials fed through them. And because the public to be served is large and failure costly, it is important that the product suit-hence the endless cutting and adapting, reworking and diluting, which end in travesty. The films of Hamlet, Wuthering Heights or David Copperfield are obvious examples of one kind of demolition...To see the works of the Impressionists twisted into backgrounds for advertising perfume; to hear the melodies of Bach...
Best gauge of that progress is the new estimate of the gross national product issued last week by Commerce Secretary Luther Hodges. Oiled by inventory buying and new defense spending, the third-quarter G.N.P. is rolling at $526 billion, $10 billion above the second-quarter level. And all signs are that there is even better to come. Commerce Department economists anticipate that inventory accumulation will increase from a yearly rate of $4 billion in the third quarter to $7 billion in the fourth; such a rise, combined with a fast getaway for the 1962 cars, could lift the G.N.P. rate...
Even without a rush of consumer spending, corporate profits rose smartly-from an annual rate of $40 billion in the first quarter to $45.5 billion in the second. Following their historic recovery pattern, profits are climbing about $1 for every $3 increase in the gross national product. If the G.N.P. scores its expected $10 billion gain this quarter, profits should move up $3 billion to $48.5 billion and rise even higher in the final quarter of 1961. Recalling the alltime profits peak of $50 billion in 1959, Secretary Hodges ebulliently declared: "I would not be surprised if they reached...
...year "People's Income Doubling Plan," Japan's Prime Minister Hayato Ikeda decided that his nation's economic growth rate (a phenomenal 17.7% in 1960) would soon stabilize at an average 7% a year. On that basis, he calculated, Japan could boost its gross national product from null $39.8 billion to $72 billion by 1970. But last week Japan's growth rate was still clipping along at over 13%-and the Japanese economy was suffering from too much boom...