Word: productive
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Dates: during 1960-1969
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...case. He was John T. Connor, president of Merck & Co., Inc., which operates pharmaceutical plants in Argentina, Brazil, Colombia, Mexico, Peru and Venezuela. Talking to a New England trade group in Boston, Connor noted that U.S. companies account for one tenth of Latin America's gross national product-and pay one fifth of all taxes, and produce one third of all exports. Yet, he continued, while the Alliance asks for an additional $300 million investment each year from U.S. business, U.S. companies during the first half of last year took out an estimated $29 million more than they...
...measures necessary to restore business confidence in Latin America. Without that, concluded Connor, private enterprise-and the Alliance-is doomed. "Private enterprise requires order and a minimum of certainty. Disorder drives capital out of an area, not because it is timid, but because it is scarce. It is the product of work and savings, and it abhors irresponsibility, wastage and misuse. In the midst of the current chaos in Latin America, the U.S. corporation is about as much at home as a bishop in a poker game...
...great man was Johns Hopkins University's William S. Halsted (1852-1922), who nurtured a frontiersman's egalitarian ideas: residents in surgery (M.D.s who have finished their internship and are in specialist training) should be encouraged to use both their hands and their heads. The most brilliant product of Halsted's revolutionary residency system was the great brain surgeon...
...store containing 6,300 items and selects 13.7 of them-half on impulse. (If the shopper is a man, he is even more impulsive.) Gone are the days when a manufacturer chose a box because it was the right size and strength, then counted on the familiarity of his product to sell it. Self-service shopping has forced packages to take on many of the functions of advertising, or of the oldtime grocer's recommendation. With increasing competition for shelf space, each package must sell itself to the wandering customer. Packaging has become a $23.5 billion industry, the sixth...
Domestically, the "knowledge industry" now accounts for 29 per cent of gross national product according to a recent study, Kerr said. It could become, in the next half-century, "the focal point for national growth," as universities continue to become centers of the "ideopolis"--complexes that include not only school buildings but industry, research institutes, cultural centers...