Word: trade
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Dates: during 1950-1959
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...Paul Masson Vineyards in the Santa Clara Valley, 40 miles southeast of San Francisco. The inspiration for the series came from four remarkable brothers-Paul, Herbert, Alfred and Norman Fromm. All of the Fromms except Herbert (who is a fulltime organist and composer) make their living in the wine trade, and regularly funnel handsome sums into the support of music. When Norman decided to give California some really fine summer music ("the kind the concert manager can't afford to offer"), he thought of the perfect acoustics provided by the gently sloping Masson vineyards, in which...
...disgruntled used-car buyer around the country, Mrs. Marcella Norman of Houston last week became the woman of the year. Mrs. Norman, a comely, 31-year-old divorced waitress who supports her four children, went to Houston's Metro Lincoln-Mercury Motor Co. a month ago to trade in her 1955 Ford for a newer car. She bought a 1957 blue Chevrolet sedan, thought she had signed a contract to pay $57.10 a month for 18 months. But when she checked the contract a few days later, she discovered that she would have to pay for 30 months...
AMERICAN industry should find it -L. an opportunity rather than a danger. Do not be afraid of it." Thus did Washington Lawyer and Economist George Ball, an expert on investment abroad, exhort U.S. businessmen to take on a new challenge: the European Common Market. The common market, a vast trading zone of six European countries, will remove trade barriers among participating nations, allow free movement of goods, labor and capital. What worries many a U.S. businessman is that it will also be protected by tariffs that discriminate against outsiders, make it harder for U.S. firms to compete in Europe...
Economists hope that the common market will later be joined by a proposed European free-trade area, consisting of the United Kingdom and five other countries outside the common market, to form a community of more than 240 million potential customers. Many U.S. firms are holding back to see if this will happen; they would prefer to get into England under lower tariffs, thus gain access to the Commonwealth trading area as well as the common market. But foreign traders contend that now is the best time for U.S. firms to enter the market area. Says Lawyer Ball: "There...
...incredible-growth stories of U.S. industry belongs to the manufacturers of antibiotics. Last year Americans paid an estimated $700 million for antibiotics, all of them unknown to the public 15 years ago, but now accountable for more than half of all prescription sales. To the Federal Trade Commission, this inspiring success story is flawed...