Word: twentyfold
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...past decade, Rossignol's capacity has risen twentyfold, to 2 million skis a year of wood, metal, plastic and fiber-glass foam. Because cross-country skis are booming, Boix-Vives plans to double capacity in that department this year to 350,000 skis. But his strategy involves more than expansion of capacity. As volume grew in the mid-'60s, the company's increased productivity enabled Boix-Vives to adopt a policy of, as he puts it, "aggressive pricing"; Rossignol prices stayed completely stable from 1964 all the way to 1972. Today Rossignol produces eight principal lines...
...Street and Fifth Avenue. Raymond Jallow, chief economist of the United California Bank and himself an Iraqi, says he knows of several shopping centers and office buildings that Arabs have bought in California, ranging in price from $1 million to $10 million. Dr. Jallow expects such investment to increase "twentyfold in the next two years...
Limiting Exports. Builders blame the price problem not only on heavy domestic demand, but on rising exports to Japan, whose timber purchases in the U.S. have increased twentyfold since 1960. Last year the Japanese bought enough lumber to erect 40% of the U.S. output of one-family homes. In response to complaints that numerous small lumber mills as well as price stability have been imperiled, Congress last fall sharply limited exports of lumber harvested from federal forests. But prices have continued to rise, partly because of severe winter weather in the Pacific Northwest and the recent East Coast longshoremen...
...first time. A new U.S. Department of Agriculture "doublecross" hybrid has made Kenya self-sufficient in corn. In Southeast Asia, the newly developed IR8 rice strain has been tested in Thailand, South Viet Nam, Indonesia, Burma and the Philippines and in some cases increased the annual yield twentyfold. The world's food experts are taking heart, though the sense of urgency remains...
Shulman condemns most conventional, long-term investments and tempts his readers to speculate. "Unfortunately," he says, "longterm is not too important to us because we humans are short-term." He repeats the obvious: the key to quick gain is to use leverage-to multiply, as much as twentyfold, the purchasing power of each investment dollar. He speculates in the commodities market because it offers 1) wide price swings and 2) minuscule margins-the buyer puts down as little as 5% and borrows the rest...