Word: trade
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Dates: during 1950-1959
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Another promising sign was the long overdue beginning of a down-creep in retail prices. General Electric Co. dropped "Fair Trade" pricefixing on small appliances, and rival manufacturers promptly followed along (see BUSINESS). That much-mourned casualty of inflation, the 5? cup of coffee, made a comeback in Los Angeles restaurants. The Bureau of Labor Statistics announced that its consumer price index crept upward again in January, but the increase was largely the result of Florida's disastrous winter, which sharply upped fruit and vegetable prices. And the index only faintly reflected the discounts, trade-in allowances and bargain...
Both themes were also sounded by Dwight Eisenhower, who carefully ticked off the so-called hardheaded reasons for foreign aid, e.g., the setback to Communist imperialism, the increase in U.S. military security, the improved U.S. economic position through expanding trade with aided countries. Then the President tore into the foes of foreign aid who would dismiss it with the contemptuous phrase that it is a do-gooders' scheme...
...labor unions would' quit pushing for a new round of wage boosts while the economy is drooping, retail prices might well decline far enough to stir plenty of consumer interest. In Manhattan, where the end of "Fair Trade" pricing on appliances brought a hot price-cutting war, housewives showed a frantic, elbowing eagerness to spend money for toasters, irons, rotisseries, clock radios...
Shippers know that the stormy seas will eventually calm. The inevitable growth of world trade will demand all their ships-and more. But to stay afloat until then, Greek tramp-ship owners in New York and London last week were anxiously searching for a plan to cut costs and increase revenues. One idea is to set up a series of unbreakable dry-cargo rates to ensure an operating profit on each voyage. Failing in that, the Greeks may be forced to reduce their surplus tramp tonnage by laying up still another 20% of the fleet, assessing each owner with...
...Holland saw a first novel by a Dutch lady of 67. Her writer's stock in trade was elementary-just a bagful of old memories. Yet with them she managed to fashion a book whose style owes nothing to other writers, whose substance is the stuff of a faraway East Indies setting both languorous and violent. In translation, Maria Dermout's The Ten Thousand Things is an uncommon reading experience, an offbeat narrative that has the timeless tone of legend. Sybille Bedford, another late-starting, first-rate first novelist (TIME, Feb. n, 1957), has put it well: "Someone...