Word: productive
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Dates: during 1950-1959
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...GUARANTEED annual wage is money paid by an employer to people for all or some part of a year in which they are not making products. The payments are part of the manufacturer's cost and hence part of the consumer's cost. If the manufacturer has ten employees but work for only eight, he must nevertheless recover in the price he gets for his product the payments he makes to his employees for hours they did not work, or he must go out of business...
Although the nation's Better Business Bureaus and legitimate advertisers are battling the baiters, they have found it hard to make fraud charges stick so long as the sharpie actually has a cheap product for sale. Radio and television stations have been slow to ban bait ads, say that it is impossible to check every advertiser. One of the best ways to end bait advertising was used by Denver's Better Business Bureau. It hired a man with a sandwich board ("Don't get hooked by phony wholesale offers") to parade outside the advertiser's store...
...committeeman from Pascagoula (fisheries, textiles), leaned far back in his chair and drawled: "Isn't it true that a closed rule is really a gag?" Jere Cooper looked hurt, answered the attack with a defense of the trade bill itself. Said he: "The studies show that where a product is in bad shape, it is not so much the tariff rate that is causing it, but normal changes in tastes and customs. The felt-hat industry has complained. Well, it's not the tariff that has hurt them. A lot of people have stopped wearing hats. Just...
...years may push the Dow-Jones industrial average as high as 500, nearly a 25% rise, predicts FORTUNE. Barring war and no recession worse than the 1953-54 slump, stock dividends will jump 48% by 1957, and 65% (to a total of $16.5 billion) by 1959. Gross national product will soar an estimated 16% to $440 billion in the next four years...
Waterproof Shoes. The Dow Corning Corp., jointly owned by Dow Chemical and Corning Glass, has developed a silicone product that will make leather virtually waterproof. First use of the chemical (trade name: Sylflex) will be for shoes. The Charles A. Eaton Co. will use it on golf shoes; Endicott Johnson Shoe Corp. will try it on a combination work-and-sports boot. Treated shoes will shed water, still allow air to come through to cool the foot...