Word: spurs
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Dates: during 1950-1959
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Last week reports swirled around Detroit that automakers were hustling to restyle their long-planned '59 models to satisfy the shift in public tastes, possibly bring out some small cars. Whether they will or not, automakers were seriously considering one big change to spur sales: they are expected to move up the introduction of '59 models. Detroit buzzed that divisions of at least two of the Big Three will stop '58 production in July instead of September, will drive in with the '59 models weeks ahead of schedule. General Motors plans to introduce many...
...itself in the indecisive 1957 election, partly a stunning personal triumph for Diefenbaker. Barely nine months in office with a scant plurality government, he had stepped up Canada's already generous social welfare benefits, provided new government assistance for hard-pressed prairie farmers, injected fresh government funds to spur housing construction. A few days after taking office, he called on his fellow Canadians to do more of their buying in Britain, less in the U.S., and by year's end some shift appeared to be taking place. Beyond this, able Politician Diefenbaker conceived and preached a new "vision...
...overproduction, the industry has also compounded its problem by continued overpricing. The general advance in oil prices that accompanied Suez has still not been adjusted downward to normal markets. Though refiners have cut some petroleum products (e.g., gasoline, kerosene), they are in no position to cut prices enough to spur consumption so long as basic crude prices remain high. The price of domestic crude in the U.S., for example, has jumped from $2.84 per bbl. in 1956 to $3.16 today, and producers make no bones about the fact that they prefer to cut production rather than drop prices sharply...
Automatic Cameras. To spur recession-minded buyers, Bell & Howell brought out nine new camera products months ahead of schedule. Items: the 8-mm. Auto Load, a home movie projector that automatically threads the film; four cheaper ($99.95 to $159.95) versions of two previous "electric eye" 8-mm. movie cameras, which automatically adjust the lens to the right light...
...Government lost some $5 billion yearly in revenue when it cut taxes in 1954, but within a year, as the tax cut helped push the boom forward once more, revenue was up $7.8 billion. Those in favor of a tax cut contend that it is a more effective spur than a public-works program. A tax cut can be made fast, putting cash directly into pockets for spending on consumer goods in about two months, thus quickly affecting production. A public-works program takes time to get started, may have no effect until the economy has turned up again...