Word: product
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Dates: during 1960-1969
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...economy was also a worry, even though the gross national product neared the $800 billion mark and the nation's uninterrupted expansion percolated into its 84th month, three months longer than the old record. There were inflationary signs, a big balance-of-payments deficit, pressure on the dollar after Britain's devaluation of the pound. Economists and politicians began talking about "profitless prosperity." When Johnson asked belatedly for a 10% surcharge on income taxes to damp down the supercharged economy, Arkansas Democrat Wilbur Mills, Chairman of the House Ways and Means Committee, insisted on an equivalent cut in federal spending...
Hills & Valleys. Part of his problem is the rustic image he projects in an age when the U.S. has finally acknowledged its status as a nation of cities. Though Johnson is a man of the 20th century (born in 1908), he nonetheless seems the product of a more distant past. His politics and philosophy were annealed in the inhospitable forges of the Dust Bowl and the Depression. To the generation that spawned underground movies and acid-rock music, he often seems as remote as Betelgeuse. Hippies, college students and Eastern sophisticates are not the only people who look...
...Special Assistant on Consumer Affairs, told how things looked from the other side of the fence in a speech to the American Marketing Association. "It may be revolutionary to suggest that the manufacturer or the marketer give the consumer the basic facts about the design-life of a product," said Betty, "but I believe it's his due. Why shouldn't the housewife know there are 'x' number of hours of service in her washing machine, or that the life expectancy of a toaster falls short of a golden wedding anniversary? The manufacturer knows...
...discovery was something of a coup for Fieser. His research team at Harvard beat chemists from Du Pont and Standard Oil in a Government competition to develop napalm. In the course of his research, Fieser found a perfectly good civilian use for the product: it made a fine crabgrass killer, burning away its seeds while leaving good grass roots untouched. During and after World War II, he received several letters of thanks for his invention, which soldiers claimed saves thousands of American lives in battle. No one ever complained to him about the use of napalm until Viet...
Last year American firms invested $10.2 billion, or about 14% of all their capital spending on plant and equipment, in ventures outside the U.S. This rising annual amount brought their total overseas ante to $64.8 billion, more than the gross national product of many a nation, and eight times the amount foreign businessmen have invested in the U.S. in the 191 years of the Republic. Americans now control 80% of Europe's computer business, 90% of the microcircuit industry, 40% of its automaking, and sizable shares of chemicals, farm machinery and oil. In Britain, U.S. companies own half...