Word: sprees
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Dates: during 1950-1959
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Among the causes for the buying spree were the inflationary implications of a proposed $8 billion hike in the national debt ceiling and a new high for the consumer price index, which climbed to a record 123.7 in June. There were also some good business reasons. The depressed machine-tool industry noted a 7% rise in new orders from May to June. Second-quarter earnings in some key industries showed a better recovery than expected, indicating that a snapback in profits may be closer than previously anticipated. Many investors were also quite obviously influenced by the headlines from the Middle...
...commissions. But cash incentives are gradually being supplemented-or replaced-by rewards that have a greater "remembrance value," such as trips for both the salesman and his wife and family. One reason for the switch: cash bonuses often never get home, are blown in a poker game or spree on the town...
...bottom, the problems rest on two statistics. World consumption of coffee is increasing an average 500,000 bags a year; production, ballooned by a worldwide planting spree during the Korean war, is increasing at the annual rate of 5,000,000 to 7,000,000 bags. Hardest hit is the world's No. 1 producer, Brazil, which last year earned 61% of its foreign exchange by exporting 14.3 million bags* worth $935 million. This year, with much of the world's coffee selling for less than Brazil's rigidly fixed prices, the most optimistic export prediction...
After Post died in 1914, the company went on a stock-swapping spree. Led by President Colby Chester and Chairman E. F. Hutton (who married Post's famed daughter Marjorie and is still a partner in the Wall Street brokerage firm carrying his name), the company from 1925 to 1929 picked up many of the best-known U.S. food processors. Among them: Baker's chocolate, founded in 1765, which Postum got for $9,000,000 in stock; Maxwell House (for $46 million); Jell-O ($44 million); Birds Eye ($22 million); Swans Down ($7.4 million); also Minute Tapioca...
Decalog Rolling. In Escanaba, Mich., three teen-agers broke into a school, stole $71, embarked on a spending spree by going to an advanced-price movie, swiftly returned the remaining money after seeing The Ten Commandments...