Word: trades
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...area that is not isolated and can trade with other areas need not raise its own food, and in some cases should not. For example, it would be worse for us and for the Arabs for them to devote all their resources to growing pitifully little food rather than to producing a great deal of oil, trading a little of it for an abundance of food and the rest for whatever else they choose...
Increasing the Strains. For the longer run, it is also ominous that in the fight to defend their currencies, both France and Britain have turned toward protectionist trade measures. Britain, for example, has just imposed a requirement that importers of "nonessentials"-including almost all manufactured products-must deposit half the price of the goods with the government for six months. Despite such restrictions, world trade, which grew by only 5% in 1967, is expected to regain its more normal 8% annual expansion rate this year. Much of the gain will be due to the voracious U.S. appetite for foreign goods...
...buyer knows, things rarely turn out that way. Last week, confirmation of that fact came from the Federal Trade Commission, which concluded in a 205-page report: "Service retains the status of a 'necessary evil' in much of the automobile business." The report, which will lead to full-scale hearings on warranties in January, makes clear that as sales continue to rise service can only become more necessary-and more evil...
Conditions may be even worse at the dealer's service area. There is a nationwide shortage of about 140,000 mechanics. The industry finds that many dropouts who drop into the repair business never do learn the trade. Those with rare aptitude often find better-paying jobs with an airline, or even on an auto assembly line. Service under warranties, which cover about 10% of auto-repair business, suffers from an additional handicap. Dealers say that the automakers are niggardly with compensation for warranty work, allowing only a 25% profit margin for parts, compared with the 40% or more...
Died. Daniel Longwell, 69, one of the first editors of LIFE; of a heart attack; at his home in Neosho, Mo. After coming to Time Inc. in 1934 from the trade-book departments at Doubleday, Doran & Co., Inc., Longwell served as a special assistant to Henry R. Luce, later started the experimental department that led to the publication of LIFE in 1936. Until then, most U.S. magazines used pictures mainly as text illustration; Longwell printed pictures to tell the story-strong, bold, often alone on the page. "We learned," he said, "to give the picture a chance." He began...