Word: consumerization
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Akron's civilian tire & tube business for 1942 was cut 100% by OPM; its other consumer products were cut 75% by WPB last week. It can no longer (after Feb. 1) use crude rubber in brassiéres, bathing suits, belts, golf balls, hundreds of other peacetime goods. Yet...
ICC last week allowed the railroads to increase passenger fares by 10%, thus adding an estimated $45,000,000 to 1942 revenues, subtracting a like amount from the commuter-consumer's purse. Principal beneficiaries: the Pennsylvania, which stands to gain about $9 million; New York Central, $6.5 million; Southern...
> The automobile, for two decades the No. 1 competitor of department stores for the consumer's dollar, is out of the running.
The Government is now spending on the war effort at the rate of two billion dollars a month, may spend more than five billion a month during fiscal 1943. Big budget points: > The Government is determined to devote "at least one-half" of national production to the war effort. > The...
The commission's program is described by its chairman, the Archbishop of York, as "a conscious and deliberate attempt to cancel the divorce between theology and economics." Its avowed aim is to create an economy of abundance with "the interest of the consumer . . . the chief regulator of production."