Word: trades
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Dates: during 1950-1959
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More than anything else, what finally made up FRB's mind was the spring flood of optimism, cheering reports of first-quarter earnings (see below), the big expansion plans of U.S. businessmen, the big spending plans of the U.S. consumer. Retail trade for March, said the Commerce Department, climbed 2% over February and 4% above March of last year. After a survey of economists and businessmen, the U.S. Chamber of Commerce predicted that consumer incomes will go up 3% to 5% this year, and that all of this $8 billion to $14 billion will be spent...
...forget for one instant that we are putting $36 or $37 billions of expenditures every year into arms and armaments, [and] that . . . they will merely defend what we have got. But when you talk about something that promotes a business arrangement-trade-when you can talk about something that proposes a better understanding . . . then you are talking about something constructive, something that yields results over the years to come. Don't make the ignorant, uninformed decision that only in armaments are we going to find the solution of our foreign problems...
Born 41 years ago in New York City's Lower East Side slums, Victor Riesel grew up among militant unionists, remembers often seeing his father brought home bleeding from skirmishes with power-hungry elements in the garment trade. In his 14 years of turning out a labor column, now distributed by the Hall Syndicate to the New York Daily Mirror and 192 other newspapers, he has aimed the acid of his pen consistently at Communism, racketeering and racial bias in U.S. unions. His words have often been as hard as his father's fists. Typical opening...
...most visible result was that the region's collective trade balance sank in a year from $564 million to $130 million (on export sales worth more than $7 billion). By mid-1955 imports of capital goods had sagged, and Latin American industry failed to show a healthy expansion during 1955. And the worst drop in imports of capital goods probably is still to come, as a delayed reaction to forced cutbacks in orders...
...Canadian advertising revenues of foreign, i.e., U.S., publications. Opposition members echoed the widespread complaints of Canadian newspapers that the tax would be an indirect threat to press freedom. One telling point was scored by Carl Nickle, a Calgary Tory, who is publisher of the Daily Oil Bulletin and other trade journals of Canada's prosperous oil industry. Nickle explained that he stood to benefit personally from restrictions on foreign periodicals ("Potentially, there would be lessened competition for my publications"). But he was still opposed to "having my competitors handicapped by ... an iniquitous and dishonest tax, discriminatory in its application...