Word: consumerization
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Tucked away in the second-floor recesses of the great, grey Department of Labor in Washington sits a little-known but influential man: Ewan Clague, commissioner of the Bureau of Labor Statistics. It is he, knee-deep in charts and statistics, who figures out how high the cost of living...
The Federal Reserve Board last week found that its credit curbs were beginning to check consumer buying, thus ease some of the pressure that set prices soaring. Nobody felt the brake more than U.S. automobile dealers. In a month, their stocks of cars on hand had risen from an average...
Dr. Valentine's question got a slightly different answer from Manly Fleischmann, general counsel of the National Production Authority. Said Fleischmann: if $50 to $60 billion is appropriated for defense for fiscal 1951, the U.S. will be forced by midsummer to establish something like the Controlled Materials Plan of...
By hard work, said Johnson, the U.S. can produce 8% more goods next year, enough for a full defense program and a 5% increase in living standards. In the five years since the war, $86 billion has been spent expanding industrial plants, about 175% more than was spent on such...
In its defense against the trustbusters, there was no doubt that A & P had substantial public support. Since A & P had been mightily effective in bringing down the price of food, the average U.S. housewife did not need to look any farther than her pocketbook to know where she stood...