Word: product
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Dates: during 1960-1969
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...have invented Red China's grandiose motto "Great Leap Forward"-but in the past decade Canada has leaped. High in resources and low in population. Canada has taken giant strides toward a level of prosperity that only the U.S. surpasses; while the U.S.'s gross national product has climbed 50% since 1950, Canada's has jumped 90%-an advance in which U.S. investment dollars played a dominant role. Cuba, for its part, seems intent on adopting patterns from Red China. In the eleven months since Fidel Castro appeared on TIME'S cover (which asked: "Democracy...
...export and new trading blocs, e.g., the Common Mar ket, may force Canada to rely even more heavily on U.S. buying, the richness of Canadian resources ensures long-range prosperity. By 1970, one government commission estimated Canada should have a population of 21 million and a gross national product of $50 billion v. 1959's $34.5 billion. The "surprising '50s," pre dicts Banker Ashforth, "should be succeeded by the exciting...
...contribute to a clearer understanding of automation by making a distinction between the effects of mechanization and other forms of modernization that also result in labor saving. Harvard Business School Professor James R. Bright recently studied 13 U.S. corporations, found automation was only one of five factors ranging from product streamlining to better plant layouts that influenced employment. To blame all labor saving on machinery, said Bright, is "gross oversimplification." More and more managers are beginning to realize that in all great social changes, methods are almost as important as goals. Says International Business Machines' T. J. Watson...
...Federal Trade Commission, too many U.S. businessmen fail to draw a line between legitimate puffing to make a sale and illegal lying about their product to deceive the customer. On the theory that informed and skeptical consumers are the first line of defense against the cheats, the commission last week held its first Washington Conference on Public Deception, attended by representatives of 47 civic, professional and business organizations. FTC Chairman Earl W. Kintner said the commission would go all out to open its voluminous files on "trickery in the marketplace" to public view. "In the blunt language of the street...