Word: supermarketing
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Dates: during 1950-1959
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...Eastern Seaboard-the hour of shopping at the supermarket or of getting ready for a business lunch-when word flashed from Rome that a new Pope had been chosen. It was 9:07 a.m. on the West Coast-time to make breakfast or to drive to work-when the flickering radio signal carried the voice of Cardinal Canali announcing, in his soft, Italianate Latin: "Annuntio vobis gaudium magnum-habemus papam." The press, whose attention for days had been focused on the smoke signals from the Sistine Chapel, promptly provided both great clouds and small wisps of facts about...
...over in an unparalleled boom, their huge buildings dominate the skyline in Dallas, Houston, San Antonio and Fort Worth. Texas has more banks than any other state: 968 with total deposits of $10.4 billion, combined resources of $11.6 billion. Texas bankers succeed by fighting for business like warring supermarket operators on a Saturday afternoon -while also wearing Homburg hats and speaking in muted tones. The man who best combines such Texas talents is taut, wiry, fiercely competitive Fred F. Florence, 67, head of Dallas' Republic National Bank, who for years has been locked in an epic duel with Dallas...
Today Behlen's frameless buildings are used for everything from grain elevators to supermarkets and churches. The buildings can be raised by 20-man crews in two or three days. A Behlen supermarket including interior costs $7 per sq. ft., about half the cost of a conventional structure. With his bigger plant, Behlen expects to boost his gross from about $16 million this year to $25 million in 1959. But he deprecates his inventive skill, feels he only applied old principles to new uses. Says he: "Any engineer can design a complicated gadget that can't be produced...
...ribbons or pulled switches on new projects, some of them started by his predecessor, Tom Dewey. He funneled money into new roads and schools, did it without substantially increasing taxes. Gaunt, autocratic Averell Harriman, turning 67 and testy, even learned to chuckle while chucking babies and trading supermarket small talk. As the 1958 election approached, Harriman's party was out of the financial red; his opponents for the moment were out of worthwhile candidates and issues. Honest Ave took a confident, proprietary grip on the ugly, Victorian Governor's mansion...
...know that small European cars are wheeling the nation's imported car dealers down the highway to prosperity. Compact little Volkswagens, Austins, Simcas and British Fords scoot buglike along the roads, sit -and fit-snugly in many a next-door neighbor's garage, cut tight corners into supermarket parking slots. Last week the Dominion Bureau of Statistics cranked up its computers nonetheless, and produced some staggering figures. Though sales of new cars and commercial vehicles slipped 7.3% in the first seven months of 1958, import sales shot up 52%. In July imported foreign cars...