Word: retail
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Dates: during 1940-1949
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...wiping out or paring down excise and luxury taxes. The 15% travel tax on plane and rail fares and the tax on sleeping-car berths were dropped. So were taxes on long-distance telephone calls, telegrams, soda pop, gum and candy. The 25% tax on jewelry was shifted from retailer to wholesaler and reduced to 10% (immediate effect: retail stocks of jewelry were tax-free...
Living Jobs. Hustling, hard-driving Fred Bohen is a cheerful insomniac (he sometimes works until 4 a.m.) who likes to tackle tough advertising accounts himself, drops into retail stores to find out first-hand who is buying what, and barrages his staffs with ideas. He has also stopped the presses when struck by a better idea. But Bohen and Vice President Meredith (who helps manage the business side) usually let veteran Editor Frank McDonough, 43, run things...
General Electric Co.'s President Charles E. Wilson also moved fast. He trimmed an estimated $40 million a year, at present volume, off the retail prices of his products, and put out a new 10-in.-screen table model television set at $239 (compared with $325 for G.E.'s cheapest old model in the same size). Willys-Overland's President James D. Mooney found that he, too, could trim prices. He cut $25 to $270 off his Jeeps, trucks and Jeepsters...
...Portland, Ore. displayed at the 46th annual American Toy Fair. It carried a tone transmitter (see cut) which controls the steering of a glider airplane by sonic vibrations. A steady sound tone makes it fly straight, interruptions turn it alternately right and left (price: $25). The 10,000 U.S. retail buyers attending the toy fair did so much early Christmas shopping that the Toy Manufacturers of the U.S.A. reported that 1949's business would be just as good, if not better, than last year's estimated $400 million...
...Administration still talked loudly about fighting inflation, but last week it quietly took a short step to combat deflation. Because retail sales and installment credit have been dropping, the Federal Reserve Board eased up on Regulation W, which restricts installment buying...