Word: quarterlies
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Dates: during 1960-1969
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After more than half a century of prosperity and welfare-statism, South America's smallest republic had grown increasingly noncompetitive in world markets with its two main exports: beef and wool. State-owned enterprises, which employ a quarter of the labor force, had grown to what Pacheco calls a "three-bodies-for-every-job bureaucracy." Pensions, which working mothers, for example, can start collecting after ten years on the job, had become a way of life. Huge, Communist-backed unions were constantly on strike...
Even without a surcharge, the economy in some ways had been tapering off on its own. Retail sales have leveled off since March, and inventories have gone up as a result. For the second quarter of 1968, the gross national product-the sum total of everything produced in the U.S.-rose $19.6 billion rather than the $20 billion to $22 billion that had been estimated. Government economists, believing that the economy is malleable, intend to take it from there. Once the surtax has cooled off the inflationary situation, Washington experts intend to heat up the economy again...
...products, Maremont in the eyes of the bolder FTC is a vertically integrated company that clearly violates antitrust laws. Maybe so, but one defense Maremont might make next month is that there is still some competition somewhere. Earnings were off 37% last year, and Maremont finished the first quarter of the year...
Going into the second half of 1968, the Commerce Department last week reported that in the first six months of the year, the U.S. economy grew at a real rate (i.e., not including inflation) of 5%. In the second quarter, the nation's output of goods and services increased by $19.6 billion, which was only a shade under the first quarter's record $20.2 billion. Corporate profits more than kept up the brisk pace. Among the early reports...
...added up a record-setting quarter, with profits of $213 million, 46% above the same period last year. That brought first-half earnings to $386 million, more than double what the company was clearing in a full year as recently as 1963. Part of the strong surge comes from the fact that the company has increased outright sales (as opposed to leasing) of its computers. Chairman Thomas J. Watson, in a monumental piece of understatement, said "our long-term prospects continue to be very good...