Word: marketings
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Dates: during 1950-1950
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...most part ignored these suggestions. Last week, New York Times Correspondent Arnaldo Cortesi summed up ECA's complaints in a dispatch to his newspaper. When the Italian press picked up the story, Italy's able ECA Chief Leon Dayton, former president of a Portland, Ore. super market, held a press conference in which he called the Italian government policy "too damn cautious...
...Treasury Department. As long ago as August, FRB made its first move to discourage borrowing by boosting the discount rate and dropping its support prices of many U.S. securities, thus pushing up interest rates throughout the U.S. (TIME, Sept. 4). But when the Treasury put on the market a record-breaking ($13.5 billion) issue of short-term notes, it refused to accept the higher rates, insisted instead on its long-standing policy of cheap money...
...result was that by last week, when the Treasury's financing operation ended, FRB had had to absorb most of the new low-interest notes itself, in order to keep an orderly market. By so doing, FRB might well have offset the higher interest rates that it had imposed; in buying most of the Treasury's huge issue, FRB had increased the amount of money available for loans to its member banks. If the banks took advantage of this, commercial loans, in the end, might rise even more. In short, before FRB could make its sensible anti-inflationary...
...youthful industry has had its share of growing pains. After World War II, the business was invaded by scores of shoestring operators who tried to make a quick cleanup, flooded the market with tasteless, badly packed products and scared off so many consumers that sales slumped 20%. In 1947, more than 200 firms went bankrupt. But last year the industry hit its stride. More than 20% of all U.S. poultry (200 million Ibs.) came to dinner by way of the freezer. All told, the industry sold 1,130 million Ibs. of frozen foods and twelve million gallons of juice concentrate...
...Highest point of the 1929 bull market...