Word: retailing
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Dates: during 1950-1959
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...biggest Bs (Venezuelan bolivars, worth 30? and as hard as any money in the world) are naturally made in oil and investments, but the fastest Bs come from importing, insurance, advertising, retail trade. Government bonds pay 8%, and even minimum-balance checking accounts pay 3%; many a small company makes its investment back in a year. "Business keeps doubling every year," brags one U.S. operator. "Friend of mine, worth maybe five or six million Bs, showed me his portfolio of stocks. All blue chips-stuff like electricity and beer-and paying 32% on what he put into them...
Chicago's Marshall Field & Co. is a 101-year-old pioneer in retailing practices; charge accounts, low-priced basement floor, free deliveries, and a money-back policy for dissatisfied shoppers. One area where Field's did no pioneering was race relations; in its century and more, the store had never hired a Negro in its huge retail operations...
...businessman, not a farmer. In strong Farm Union areas such as central and eastern Montana the Republican Party and policy are held to blame rather than Benson. Near Billings, I heard a recorded anti-G.O.P. speech by Senator Jim Murray in use as a radio commercial by a retail outlet as a sales pitch to farmers to buy portable grain-storage bins. The implication: the new Administration is now forcing farmers to fend for themselves. In Hettinger, N. Dak. and Selby, S. Dak., where rust was threatening the wheat crop gripes followed the old Non-Partisan League line...
...retail sales were still running 6% ahead of last year, though many merchants had to work harder to sell. An appliance shop in Idaho Falls and an auto dealer in New Orleans offered to take cows, horses, donkeys or chickens as down payments on freezers and Ford pickup trucks. However, the weak spots were still very much the exception rather than the rule, and no single trend could be pointed to as a sure sign of trouble ahead...
...with two pins moored to his pants. His idea of a joke was to return a borrowed sack to a farmer with a hornet's nest inside. Acidly sardonic, he called religion "the fabrication of vendible imponderables in the nth dimension," religious organizations "chain stores," and individual churches "retail outlets." Women apparently could not resist him. nor he, them. "What are you to do if the woman moves in on you?" he once asked a friend...