Word: product
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Dates: during 1960-1969
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...stand at 941,000 cars) to make way for 1962 models, overall inventories may be robbed of real improvement in the third quarter. But if the inventory turn-around continues, it will ease the economy of a heavy weight. Not long ago. Statistician Paradiso estimated that gross national product in the second quarter would hit an annual rate of $505 billion. Now, because of inventory improvement, he has raised his estimate to $510 billion...
Through it all, Tony kept a stiff, smiling upper lip. His popularity took a turn for the better when he took an unpaid, five-day-a-week job in a design center, despite his rather nebulous assignment: studying methods of consumer product testing. But the real breakthrough came when Buckingham Palace let Tony present the prizes in a schoolboy photographic contest in London. Delighted to talk on a subject he knew intimately, Tony wrote his own speech, delivered it well. Afterward, reporters and cameramen whom he had known in his single days hesitantly gathered round. He broke royal family precedent...
...page analysis of U.S. debt, that in fundamental economic terms, "we do not appear to be more 'in debt' now than at other times in our recent past." Total debt in the U.S. has more than doubled since 1946-but so has the gross national product, whose parallel growth has kept the relationship of total debt to national production about the same. For those who think the Government is the spendthrift, the growth figures contain some surprises. Since World War II, personal and corporate debt in the U.S. has almost quadrupled, soaring from $154 billion to $582 billion...
This attitude, the product of a scrupulously enforced rule that "the customer must never be embarrassed," has helped make the 80-year-old J.L. Hudson Co. a Detroit legend-and one of the nation's most successful retailers. Though little known outside southeastern Michigan, Hudson's is second only to New York's Macy's among U.S. retailers operating in a single metropolitan area. Hudson's gross last year was $220 million (v. Macy's $517.6 million), its net about $5.5 million. Northland, the Hudson-owned shopping center northwest of Detroit, is the world...
...news pointed up the fact that personal income has become "the hero of recessions," tending to hold up the economy in times of stress when other indicators are falling. During three previous postwar recessions, personal income dipped substantially less, both absolutely and in percentages, than the gross national product (see chart). In the recession just over, it fell less than half as much as G.N.P...