Word: tolls
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...running at record highs, the businessman is finding it harder to raise his percentage of profit on sales. Says Du Font's President Lammot du Pont Copeland, 58, a Harvard-educated scion of inherited wealth: "Keener competition may be good for the economy, but it takes its toll in profits...
Unemployment: Price of Automation. It also takes its toll of labor, which is where the real overcapacity in U.S. industry is today. Modernization to economize means replacing men with machines, which cost less than people over the long haul, are more productive and do not take coffee breaks or join labor unions. In the board rooms and at the clubs, today's businessman finds it hard to get his mind-or his conversation-away from topic A: automation. Among automation's side products are 4,000.000 unemployed-5.7% of the labor force. Automated elevators, automated stockroom machinery, automated...
...possible, of course, that a boycott may solidify white support for apartheid; yet, the prognosis for South Africa without outside intervention is clear. Although harrassed, South Africa's liberals today still have talented spokesmen, wealth, and newspapers. In a few years, as government intimidation takes its toll, these assets will be gone. The non-whites, denied opportunities for gradual progress, will become increasingly attracted to revolution...
After four days of bloodshed, the rioting finally petered out, and cautious United Nations troops, who had not dared intervene while the fighting was at its height, moved in and totted up the frightful cost. The toll: at least 70 dead, and scores injured...
Though flourishing as never before in Western Europe, the world's oldest profession is also continuing to take its accustomed toll. In Italy, the number of reported cases of venereal disease jumped from 1,679 in 1958 to 16,395 last year. In France, during five years of prosperity, venereal disease skyrocketed by 385%. The pros put the blame on the semipros. the growing number of young women who work days as secretaries or salesclerks (at wages ranging from $120 to $150 per month) and take to the streets at night and remain largely unknown even to the police...