Word: middlemen
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Dates: during 1950-1959
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Benson believes that the widening spread between farm and retail prices is due not only to increased handling costs but to a bigger cut to the middlemen. From the first quarter of 1955 to the end of the year, the average price paid to farmers for choice beef cattle dropped $4.15 per 100 Ibs. But only $1.57 of this saving was passed on to consumers in the form of price cuts. The rest of the difference was soaked up by an increase in the shares of the middlemen; packers and wholesalers increased their take per pound by $1.08, while retailers...
...Collects? Are middlemen increasing their profits at the expense of the farmers? They deny it, argue that increased costs for wages (up 16% in the packing industry from 1954 to 1955), trucking, etc. helped keep the price of beef up. Furthermore, the great increase in processing, e.g., for frozen and readycut meats, builds in costs that make retail prices react slower to wholesale price drops...
...Zion's cause second to their own comforts and bowing down before "the golden calf." Later, addressing the Labor Party executive, he said: "There are too many gathered in the cities and towns and too few in the outlying places and along the border. There are too many middlemen and not enough productive workers. There is too much chasing after comfort, profit and riches, and not enough devoted work or pioneering or thought for the morrow. There is too much talk about brotherhood and the unity of the Jewish nation and not enough helping hands stretched out to newcomers...
...next job, as salesman for a Vermont wood-products company, Marx redesigned a line of wooden toys, and sales soared from 15,000 to 1,500,000 in two years. At the same time, Louis and brother Dave set themselves up as middlemen. Their specialty was to figure out how to cut costs on a 10 toy. Then they would land an order, farm out the manufacturing and pocket the profit. Before he was 21, Lou Marx had served a hitch in the Army, risen from private to sergeant, and, back in civilian clothes, realized his ambition of making...
...first named Posidonia, in honor of the sea god Poseidon. Across its bustling wharves merchants bought and sold the products of the civilized world: decorated vases from Sicily, bronze and iron weapons from Sardinia, colored glass from North Africa, cloth from Egypt and Greece. The city's middlemen grew wealthy, built a 310-acre city of 100.000 inhabitants, surrounded it with a wall three miles long, and in leisure moments cultivated a famed species of rose which bloomed twice a year...