Word: containing
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Johnson, grandson of a Mississippi sharecropper, has long been a leading example of black capitalism at its bootstrap best. His Chicago-based firm held about 60% of the black hair-care market. His Ultra Sheen No-Base hair relaxer was the first product to contain a protective cream that shielded the scalp against powerful acids. Advised that patenting the new product could take two years, Johnson decided to put it directly on the shelf in 1965, without that legal protection...
...That is about 20% of the company's total U.S. output and nearly half the nation's total heavy oil production. The company last year paid an estimated $3.5 billion for the Kern County oilfields of Belridge Oil Co., which are believed to contain up to 375 million bbl. of heavy crude, by far the largest such deposit in the country. One of Shell's toughest competitors is California's Union Oil, which operates the Guadalupe field...
...Western Europe, where planning within capitalism originated, such government direction has fallen into disfavor. France's Le Plan has operated since 1946, but the program is now virtually ignored; the Eighth Plan, covering 1981-85, will not even contain specific growth targets. In the past, programs directed by the French government produced too many white elephants, like the supersonic Concorde and the steelmaking complex near Marseille, that look brilliant to a bureaucrat but flop in the marketplace. Admits François de Combret, the top French presidential economic adviser: "A bureaucrat like myself, with his butt in a chair...
...hope with promise. When everyone begins demanding more, the Inevitable result is a madder scramble for a nation's limited output and a bidding up of prices. Says Albert T. Sommers, chief economist of the Conference Board, a leading business research group: "The failure of our political system to contain the growth of social demands within limits tolerable to the free market is the essential first cause of inflation...
...self-taught man, Malin is well-read and at one time expected to study at Oxford. His apartment reveals his nature: over 2000 neatly arranged books line the walls, while organized files contain his many manuscripts...