Word: squeezees
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For a short while matters went well; then the Reds began the big squeeze. By taxes, confiscations, bans against layoffs, exchange restrictions and other punitive edicts, Peking turned British profits into losses. When the firms tried to pull out, they found they could not. Peking pinned down assets and even...
The shooting stopped last week in one of the biggest civil antitrust suits since the war. In Manhattan the U.S. Government and the Great Atlantic & Pacific Tea Co. signed a consent decree. It left the company, which the Government had wanted to split into seven separate units, virtually untouched, but...
The Army and Air Force each disclosed last week a manpower program that fits neatly into the Administration's drive to squeeze as much military strength as possible out of a tight defense budget.
As a parallel for his gloomy outlook, Clark goes back to 1929. The Great Depression, he writes, was caused by "trivialities." His "complete list" of the 1929 factors: 1) though construction and the production of durable goods were high, construction costs were rising; 2) inventories were high but not abnormal...
While more steel was produced in 1953 than ever before, so were more plastics. Chevrolet's Corvette, with a Fiberglas body, was just getting into mass production; it might be the forerunner of a whole new school of automobile design and materials. The chemical industry, cashing in on the...