Word: squeezees
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¶ Caught in a squeeze play between the potential power of a third league and the actual power of a Senate antitrust subcommittee, National League club owners, meeting in Chicago, expanded the circuit to ten teams by adding Houston and New York. The foot-dragging American League is also expected...
Despite the price trimming, most businessmen, already caught in the profit squeeze, do not see any general across-the-board price cutting ahead. They think consumers may be waiting for this. But when it does not come, retailers think that consumers will step up their buying.
For many a U.S. businessman caught in a profit squeeze this year, the nation's banks are a source of envy as well as credit. Aided by the highest money rates in 30 years, the biggest banks last week checked in with record nine months' earnings reports, posting...
Among Anglo-Saxons the passion for bullfights used to be limited largely to such professional tauromaniacs as Novelist Ernest Hemingway, Barnaby (Matador) Conrad and Drama Critic Kenneth Tynan. Next came Actress Ava Gardner, who, like many a lady before her, had trouble choosing between man and beast. But last week...
Such rates, based on running a machine until it falls apart, are no incentive to modernize. Tax allowances, based on the actual cost of the machine, ignore inflation that makes it impossible to replace at the same price. The Machinery and Allied Products Institute estimates that the costs of replacement...