Word: tradings
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Dates: during 1940-1949
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Fishbein thinks nothing of paying telegraph tolls (fairly rare in trade magazines) on a 7,000-word medical article that he considers hot news. He boasts that he has been sued for a total of $35 million in libel suits-and never lost a suit. In his History, he proudly dates the A.M.A.'s "war against socialized medicine" from the year (1924) that he took over the Journal's editorship...
Japan will be opened to private trade on August 15. So the War Department announced this week. But trade will be small at first. Only 400 businessmen will be admitted into Japan, under allocations to the Allied Nations by the Inter-Allied Trade Board of the Far Eastern Commission in Washington. And SCAP must approve the traders. To make sure that businessmen already in Japan do not jump the gun, no deals can be made until September...
Traders were warned that there is no large quantity of manufactured goods available, that Japan is still critically short of raw materials and has no money to buy them. In short, trade must be developed. Before the war, in a typical year like 1938, Japan imported U.S. goods worth $260,667,000, sold the U.S. $123,836,000. How much of the prewar imports U.S. business could buy, or would want to, nobody knew. The market for silk was drastically reduced (TIME, May 26). For some time, at least, it looked as if trade in other items -fish, tea, cotton...
...Rate Idea. Pop Shapiro had had no intention of following it when he brought his immigrant family from Russia to Toledo, in 1914. He worked as a laborer and mechanic until he got a job as an advertising salesman on a small fashion trade magazine...
...Restrictive labor union practices? Partially, but Fortune magazine's survey of the Chicago area, the stronghold of the building trade unions, concluded that only three percent of the cost of a new house was chargeable to "make-work rules." Unscrupulous contractors? Again a partial answer, but contractors are paying about 100 percent more for their materials than they consider a fair price, and even the best of them have difficulty in building a decent house that sells for less than $10,000. And the people who need houses haven't got that kind of money...