Word: traded
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Dates: during 1960-1969
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...Howe has strictly followed the dictates of the 1964 Civil Rights Act, his zeal in implementing racial guidelines in the Deep South has fostered the belief among Southern Congressmen that he has discriminated against their districts while ignoring similar imbalances in Northern cities. Last week, in an obvious horse trade aimed at rallying reluctant Southern support for its hard-pressed $3.5 billion school-aid bill, the Johnson Administration transferred civil rights enforcement powers from Howe and the four other Health, Education and Welfare Department commissioners, and put them directly under Department Secretary John Gardner...
...gross national product has risen at the rate of 8.2% annually since 1952, now stands at $3.1 billion. >Industrial production has been increasing nearly 14% a year; industry on the island is four times broader than it was in 1952. >Taiwan's trade balance, which once ran a $100 million annual deficit in spite of U.S. aid (discontinued in 1965), is now only $34 million in deficit on a much larger base ($569 million in exports and $603 million in imports). Meanwhile, foreign exchange reserves last year rose another 10% to $337 million. >Per-capita income, rising...
Deescalation. Arguing that all the high-volume advertising and promotion is not only unnecessary but also adds about 25% to the retail price of the products, Britain's regulatory Board of Trade has ordered the two companies to de-escalate. Specifically, the companies were forced to agree to cut out promotion gimmickry and slash prices by 20% on one brand in each of the three major sectors of the suds market: white and blue detergent powders and soap powders. The companies can still market their other brands as they see fit, but the board figures that...
...share of the market nor Lever's 44% constituted a monopoly, the expense of their competitive practices was "against the public interest." The commission recommended that they cut their promotion budgets by 40%, pass a 20% price reduction on to the consumer. The Board of Trade, taking a righteous stance as the consumer's champion, promised to see the recommendations through...
...Board of Trade, in eight months of bitter negotiations, was not impressed by the companies' argument that massive promotion was necessary for high-volume sales, which, in turn, permit low-cost mass production and spending for research. The board's president, Douglas Jay, threatened mandatory across-the-board price reductions. Lord Cole, Chairman of Lever's parent, Unilever, vowed to fight against that possibility "by all legal means...