Word: retailing
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Dates: during 1950-1959
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...rehired most of them. Last week the automakers turned out 168,000 units, 40% above the 1950 period when Chrysler was closed by a strike. Building was nearly 25% above the February 1950 figure. And in January business inventories jumped $2 billion to $63 billion despite peak retail sales...
...over $25,000 a year the yield would be less than $1 billion a year above present taxes." As for the inflationary effect of a sales tax, that would be negligible if food and rent, which make up almost half of the cost of living index, were exempted. A retail sales tax would do less to force prices up than heavy deficit financing or the manufacturers' excise taxes which the Administration has proposed. A manufacturer's tax snowballs, i.e., as each middleman between the manufacturer and consumer computes his profit, percentagewise, with the tax added in, the consumer...
With that offhand explanation, Mike Di Salle last week issued Ceiling Price Regulation 7, a new step in the fight to stabilize sky-high prices. The order wiped out the general price freeze for about 200,000 retail items and substituted instead a system exhumed from the tomb of World War II's OPA. The new plan, "retail margin control," specifies that dollars & cents price margins may be no greater than those prevailing Feb. 24. The plan applies to clothing, shoes, furniture, rugs, bedding-in short, about 75% of the things department stores sell-and affects some...
...Wednesday the United Labor Policy Committee voted to withdraw all union men from the mobilization machinery, in protest against Wilson's management. Specifically, they complained that wages had been frozen though rents, retail and farm prices, and profits were allowed to rise. Economic Stabilizer Johnston answered these criticisms Thursday by several concessions, allowing cost-of-living pay increases to carry wages above the previously-announced ceiling. But the deadlock remains, founded on a deeper dissatisfaction of labor...
...pattern for meat, metals and almost every other basic commodity. If raw cotton were freed of all controls, as the cotton men wanted, DiSalle knew that he would have little hope of controlling the other basic commodities. Without such control, there was no hope of holding the retail price line...