Word: consumerization
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While some companies had shown "admirable restraint" in holding down prices, others had raised prices more than justified by increased costs. Therefore, "business should give careful and thoughtful consideration to the inflationary effect of large profits and unreasonably high prices." Although the economy was turning out more than ever, "more...
An elder statesman of U.S. industry last week took a look into 1949-and blinked his eyes at the rosy glow. The reason for the glow, thought General Motors' Afired P. Sloan Jr., was the continued high rate of spending for plant expansion and new construction, which now accounts...
There were other signs that U.S. industry, despite the soft spots in numerous lines, was holding steady. In October, reported the Federal Reserve Board last week, an -upturn in the output of durable goods had sent its index of industrial production up three points to a new peacetime record of...
Cominform countries have refused to give Tito the industrial materials his rural nation needs. So, said Tito in a speech, the Yugoslav five-year plan must be drastically changed: less consumer goods, more machinery. Nobody, least of all Communist Tito, expected Yugoslavs to like the new program. He said that...
For it is as a strong man that Dave Beck has made his mark. What disturbs many a more democratically minded unionist is that Beck's benevolent but monopolistic dictatorship might eventually stifle competition, corrupt his own unions, stagnate business, and ruin the consumer.