Word: consumerization
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He is for: the Marshall Plan (China subordinated to Europe) ; a strong U.N. (he opposed the veto at San Francisco); the Taft-Hartley Act (except for the closed-shop, union political activity, and anti-Communist provisions); strong labor unions; tax reduction and debt retirement (any surplus split 50-50 between...
Pessimist: There are signs of a decline in consumer demand already. . . . Several industries are being pushed in the red by higher costs. . . . This sort of thing might easily start a general downward move.
Consumer resistance to high prices was the chief cause of the biliousness. Yet most manufacturers did nothing to cure it by cutting prices even though hide prices are down 15 to 25% from last fall's peak. Instead, they cut production in hopes that shortages again would make prices...
It happened this way: Léon Blum and his Socialists had rebelled last month against measures like decontrol of consumer goods, the free market for gold and currency. To save his Cabinet, Schuman had made a costly concession. He agreed to a pet Socialist plan: withdrawal of 5,000...
Displeased. Nevertheless, many a consumer was beginning to look askance at the profits which P. & G. and many another company were reporting. They seemed to mean that prices had been raised too high in the first place. After looking over P. & G.'s report, the New York World-Telegram...