Word: sprees
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Dates: during 1960-1969
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Shot Down. Italy's financial men consider cambiali a strong inflationary force, believe that they have helped to bring Italy to the verge of serious economic crisis. Cambiali have already pushed up Italian wages and living costs and have sparked a consumer buying spree that has led many Italian businessmen to forget about exports in order to sell more at home. The result is that Italy's trade deficit has nearly doubled, from $748 million for the first seven months last year to $1.3 billion for the same period this year...
...Objections. The Kremlin's spending spree on wheat, which promised to give an exhilarating boost to the lagging Canadian economy, would have its impact elsewhere as well. Word came from Australia that it would sell Russia another $100 million worth. Moscow was dickering with West Germany for 250,000 tons of flour. Even U.S. wheat growers, stuck with a huge surplus, hoped to get in on the bonanza; the State Department in Washington apparently had no objections...
Gone were the dark glasses, slouch hat and sullen manner. In sunny Portofino, a smiling, bareheaded Greta Garbo breezed ashore from Movie Producer Sam Spiegel's yacht Malahne, sent a crowd into camera-clicking ecstasies with a big "Hello," joined her shipmate for a lighthearted shopping spree and dinner at the Restaurant Pitosforo. Burbled the proprietor: "It was the Garbo that for many years I've dreamed of seeing. She appeared rejuvenated in spirit...
Reduced Panic. Many of the new giants have also gone public, and the two largest are on the Big Board. They have replaced part-time accountants with cost-conscious controllers, lean to computers and automated distribution warehouses in place of production charts and pushcarts. On a shopping spree of their own, they are buying up smaller companies, expanding into Europe, financing on Wall Street. After hearing their business for years compared to a crap game, they are finding themselves lionized by analysts because of their sustained earnings and growth. "After 40 years in the business," admits Majestic Specialties' President...
This is a fine year to be a farm-equipment maker. Good crops, good weather and a record cash farm income of $37.5 billion in 1962 have sent the farmer on a buying spree, to the benefit of the $2 billion farm-equipment industry. Deere's domestic sales, which reached $541.5 million last year, are already up 25% for 1963's first fiscal half, and are expected to top $600 million for the year; first half earnings are 59% higher than last year. Deere's 24 factories and 30,000 employees make some 300 different machines, plus...