Word: trade
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Dates: during 1950-1959
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This week, after the eye had done its missile-tracking in secrecy-wrapped obscurity for more than two years, the trade journal Aviation Week (circ. 67,000) ripped off the wraps. Since the Samsun installation is no secret to the Russians, argued Aviation Week, there is no reason to keep it a secret from the U.S. public...
...fill the gap until new production could get rolling under the stimulus of freed prices. "Na, Frau Muhr," he would ask his secretary each day, "are there still any textiles left in the shop windows this morning?" As prices soared, outraged citizens hoisted "Erhard to the Gallows" banners, and trade unions demanded a return to rationing and price controls. Replied Erhard: "We must let prices fluctuate. They will settle down." As a precaution, he drummed through a law making punishable the excessive raising of prices. On Christmas Eve, taking a professional's flyer in consumer psychology, he predicted: "Prices...
With such booming export business the German machine has devoured ever more raw materials from abroad, and Erhard has fed it by four major tariff cuts during the last two years. No country in the world has lowered trade barriers as boldly and sharply. The cuts have also helped to keep prices down at home. German workers, long paid less than other Western Europeans because of the postwar needs of rebuilding and the huge influx of unorganized refugee workers from Eastern Europe, have been reaping the rewards of trusting in Erhard's insistence that production must come before benefits...
Gottfried Haberler, professor of Economics and an authority on international trade and business cycles, has been named the first Galen L. Stone Professor of International Trade here...
ANTITRUST BATTLE is boiling up over Procter & Gamble's $30 million purchase of Clorox Chemical Co., biggest U.S. seller of household liquid bleach. Federal Trade Commission says that purchase gives P. & G. 48% of liquid-bleach market (v. 16% for nearest competitor), charges that combination of two companies may "substantially lessen competition" or "tend to create a monopoly" in home-laundry business...