Word: retailing
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Dates: during 1950-1959
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...trouble today, concluded Adwoman Fitz-Gibbon, is that too many college placement bureaus never dream of putting their brightest liberal-arts graduates into "lush" secretarial jobs or the retail-store business, but send them into "fusty, dusty publishing houses ... I think the reason you people steer them there-one college places a full third of its graduates in jobs of that type-is because of our American Puritanical background. If it was hard and dull and didn't pay much, it was good for you, and the harder and duller and littler it paid, the more respectable it must...
Principle v. Politics. Armed with that kind of support, Benson refused to stampede. Sipping milk as he talked, he told the convention of the National Retail Farm Equipment Association in Chicago last week that he will go ahead with his long-range efforts to develop a better farm program. Said he: "We are not interested in pleasing or replying to rabble-rousers and demagogues...
...narrow the wide spread between ranch and retail prices is to improve the steer so that there will be more meat, less waste, less expense in raising it. Some experts also believe that even the traditional feed-lot method of fattening cattle with expensive corn can be greatly improved. One development in feeding is the use of synthetic urea to nourish the bacteria in the rumen (part of a steer's stomach) so that a steer can be readied for market on cotton burrs, corncobs and even sawdust in its food...
...surplus problem, there is still an increasing appetite for meat. Since 1951, beef-eating has soared from 55 Ibs. per capita to an estimated 75 Ibs. this year. As long as Americans keep their healthy appetite for beef, the way to lessen the spread between range and retail prices does not seem to be price supports. What is needed is a wider attempt to breed better-grade cattle with less waste, and a recognition by the consumer of the value of the cheaper cuts of meat...
...printing presses going to supply food and pay to its army of 19 divisions. In six months the money supply has jumped 60%, from 10 to 16 billion whan.*Though the whan is pegged officially at 60 to $1, the going black-market rate is 260 to $1. Retail prices are up 7.200% from 1947 (though the rate of rise has slowed to 2% a month); wholesale prices, under government control...