Word: week
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Dates: during 1950-1959
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...footnote on Edsel: "Introduced in September 1957 and discontinued in November 1959." Once that got out, Ford had to speak out, though it had planned to hold off until all Edsels in dealers' inventories were sold. It really did not make much difference. As of last week, only about 2,800 of the "all-new" 1960 Edsels had been made. To mollify those few customers whose cars are now orphans with low trade-in value, Ford offered a $300 certificate to be applied against the purchase of any other Ford product...
Detroit had expected it for months; last week Ford Motor Co. finally had to make it official. The company dropped its medium-priced Edsel, introduced only two years ago. Said Ford, in a pained announcement: "Retail sales have been particularly disappointing, and continued production of the Edsel is not justified, especially in view of the shortage of steel...
...LAST week, while U.S. citizens thought about their 1959 cards, Hall was going over the 1960 line, studying it during the day, taking it home at night to see how it looked by the light of the fireplace in his Georgian mansion set on a 700-acre farm outside Kansas City. Some time soon, Christmas 1960 will go to press, and next year every American will get at least one greeting card the original of which is back at Hallmark bearing a curt...
...when most men are put out to pasture, Hall still operates like a one-man gang, working seven days a week, making the decisions, supervising every aspect of his business. "I used to think." says the lean, balding Midwesterner, "that when I got old, I would not work such long hours, but here I am." He approves every idea, each sugary line on each card in his huge assortment. He keeps constant tab on the profit sharing, health insurance, hours and pay of his some 5.000 employees, even inspects the food served in the company cafeteria. When he rejects something...
Gathering in Canberra last week to celebrate their tenth year in office, the leaders of Australia's Liberal Party looked upon their nation's economic progress with warm and prideful eye. Said Prime Minister Robert G. Menzies: "The whole face of the land is being changed. No other country of comparable size or population in the world is so busy building its future." On the same day, a crowd of 1,400 in Sydney watched the opening of a $3,300,000 plywood factory spreading over 14½ acres of onetime swampland; McCulloch Motors Corp. of Los Angeles...