Word: consumerized
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In a parting shot as U.S. Price Czar, Leon Henderson last week tossed up a smart-sounding plan to siphon loose cash from U.S. citizens, thus help control inflation. The scheme: a buy-in-advance arrangement to sell purchase certificates now on consumer goods to be delivered after the war...
Taking as its point of departure the Beveridge report (TIME, Dec. 14), the Economist points out what every U.S. businessman knows, namely that social security legislation is meaningless unless it is combined with the maintenance of tolerably full employment. The maintenance of full employment in turn depends on 1) a...
But in the face of these unusual demands, the estimated U.S. production for the year ending July 1943 is only 2,100 million lb.-130 million lb. below the 1940-41 production. Hence, to equalize supplies, the Agriculture Department last week forecast direct consumer rationing of butter. Likely level: 17.5...
Explained Leon Henderson, with the enthusiasm of a man on the trail of a big idea: "The new program is designed to give the consumer effective protection from rising living costs and at the same time vastly simplify the regulations to which the food retailer is now subject." Echoed U.S...
All this is dully ironic in view of the fact that little business in Germany feels that it played a major role in bringing Hitler to power. But Hitler was not alone responsible for the betrayal of Germany's small businessman. For the fact is that war, which demands...