Word: consumerization
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To Federal Reserve officials, that seemed a lesser evil than permitting credit to run uncurbed. Another burst of inflation would hit consumers hard and also cost the Government, as biggest consumer of all, more than it would pay out in higher interest rates. New York Federal Reserve Bank President Allan...
Consumer Goods. The bill not only wiped out reductions in excise taxes on furs, jewelry, leather goods, cosmetics, refrigerators, etc., which the House had approved June 29 in a slaphappy, early-Korea mood, but added new excise taxes on television sets and home-freeze units and closed old tax loopholes...
CBS made a deal with Remington Rand to build and sell the camera-and-receiver TV unit. Expected cost: about $20,000.* CBS thought that medical groups, which for some time now have been viewing operations in color TV, would be the likeliest customers. CBS and Rand hope also to...
If Congress gave him the taxes and limited powers he had requested, Truman insisted, inflation could be avoided without all-out controls. He declared that "serious shortages of consumer goods will not develop unless they are created artificially." He urged buyers to "refrain from hoarding or avarice," urged producers to...
Credit Crimp. Even without conversion, tightening steel supplies had already cut the U.S. auto industry down from its peak production (last week it turned out 181,156 units v. 184,791 the week before). This came in the face of the biggest rush for cars in five years; used-car...