Word: productive
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Dates: during 1960-1969
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Some economists like to compare the current advance to a rising tide-it lifts everyone's boat, enabling big and small business alike to prosper. The tide is still coming in strong: the Federal Reserve Board last week released record industrial production figures for June, and President Johnson personally announced "notable advances" for the second quarter in gross national product (a new record), nonfarm employment (another new record), and personal income. But the tide does not seem to be lifting everyone equally, and the Senate Select Committee on Small Business has just produced another, less pleasant nautical metaphor...
...small businesses-those firms with fewer than 250 employees-did more than half the business in the U.S. In the advance, however, the 4,600,000 firms that make up the small business community have accounted for little more than 40% of the $100 billion gain in gross national product and no more than 25% of the $130 billion spent on business expansion. The profits of small retailers and manufacturers are growing at less than half the pace of their big brothers; the number of small manufacturing firms has been declining since 1957. Wrote Democratic Senator William Proxmire, chairman...
...most important reason for my rapid rise is that my dad owned the joint." At Motorola, the success of Robert W. Galvin is no joke. When he took over from his father Paul, the company's crusty, autocratic founder, Motorola had long been largely a one-man, one-product corporation. Galvin might have rested on his father's laurels, but he elected to be his own man. In the five years since his father's death, Bob, now 41, has made Motorola a decentralized giant. Its projected $400 million in sales this year covers such a broad...
Western Europe at midyear is a sight to behold-especially through the eyes of the businessman. In the seventh straight year of boom, the Common Market is producing 11% more steel and 10% more autos than last year. Clamoring consumers have created shortages of such an everyday product as beefsteak. Almost everyone seems to be earning more and spending more than ever before. By most measures, Europe continues to expand faster than...
Meanwhile Peppard bullishly amasses a fortune, exploiting "this new product -plastic," building up a transcontinental airline, and making lots of people miserable. His victims include Lew Ayres, Bob Cummings and Martha Hyer, a high-priced call girl who is summoned for stardom. To prevent all the plots and subplots from collapsing, Director Edward Dmytryk keeps a narrator warmed up to respond to the question, "How did it all happen?" with quick summaries of Robbins' lip-smacking prose. Thus Scenarist John Michael Hayes leaps 30 to 40 pages at a clip and distills the rest of it in dialogue that...