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Costly Commuting. Americans transferred to Europe seem particularly disgruntled by the high price of food, appliances and other creature comforts. To be sure, U.S. prices are now rising at a 6%-a-year rate - considerably faster than prices in almost all European countries. But items that are inexpensive in the U.S. are often costly in Europe. In West Germany, some self-service laundries charge $1 to wash a load of clothing. Cantaloupes often sell for $1.75 apiece; coffee costs $1.74 a pound. Bread costs 60? a loaf in Paris, and cigarettes are 75? a pack in London. A publisher...
...Germany, Europe's strongest economic upsurge has now reached a point at which eight job openings await each temporarily unemployed worker, even though a record 1.4 million foreign workers now labor on production lines. Prices are rising at a 3%-a-year rate. That might seem small to Americans but it is worrisome in a country where memories of the calamitous inflation of the '20s are as bitter as memories of the Depression in the U.S. The rate is likely to rise toward the end of the year, particularly if the general wage increase due in the fall...
...four heads." They share the same headquarters office in the grimy industrial town of Lille-and the same black car. When the eldest brother, Bernard, took over his family's M. J. Willot Co. in Lille in 1954, it employed 200 people who produced a $3,000,000-a-year volume of bandages and baby diapers. Bernard was soon able to squeeze out 20% profits on those sales, and he used the added income to expand...
...jobs last winter in an unauthorized strike that supported legislation to compensate them for "black lung" ailments. Last week the rebellion moved into a new phase when Joseph A. ("Jock") Yablonski won the first round of his fight to oust W. A. ("Tony") Boyle, 64, from the $50,000-a-year U.M.W. presidency that he has held since...
...accusation was leveled by Senator William Proxmire after Budge ad mitted that he had considered an offer to become president of the six mutual funds managed by Investors Diversified Services, the biggest company in the fund business. Budge eventually declined the $80,000-a-year bid, but only after pondering over it for more than two months. A Senate banking subcommittee has called on him to explain how he could justify negotiating for a job in an industry that the SEC regulates...