Word: appareled
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...materials (coal, grains and soybeans, for example) and the high-technology output of the world's most research-minded corporations (computers, aircraft, electronics). Between those extremes, chronic trade-balance weakness is suffered by at least 122 manufacturing industries. Among them: steel, paper, food-and-drink, glass, textiles, apparel, lumber, leather, shipbuilding, autos, watches and sporting goods. In 1-966, those 122 provided 35% of the nation's industrial jobs, but they ran up a hefty $7.5 billion trade deficit. Says Finance Chairman Robert C. Tyson of U.S. Steel Corp.: "America generally has become less competitive than...
Strong Backing. High-tariff advocates, concerned over competition from rising imports, have laid a score of quota proposals before Congress. They could affect $12 billion, or 75% of the nation's dutiable imports: not only textiles and dairy items but also apparel, steel, shoes, glass, oil, lead, zinc, pot ash, electronic products, ball and roller bearings, meat, honey, frozen strawberries, mink fur and watches. The three major bills have impressive senatorial backing: 29 co-sponsors for oil quotas, 36 for steel and 68 for textiles-in the third case enough to override a promised presidential veto. In the House...
...couturiers looking for something new, this is the ideal time to introduce this fur. Now it's up to the women." And perhaps to the men as well. Ed Shepherd, in charge of Alaska's sea-otter trade, recalls that the fur was once lavished on masculine apparel, says: "I wouldn't be at all surprised to see knee-length sport coats of sea otter...
TRAINING As a hard-driving boss who built a small shoemaking firm into an apparel and retailing combine with annual sales of $872 million, Genesco Chairman W. Maxey Jarman can fairly claim to be a business expert. Yet Jarman is going back to school. He recently struggled to jot down answers to questions on a long series of statements, spoken in everything from pure Bronx to a Southern drawl, on a tape recording prepared by the Xerox Corp. "I thought I was a pretty good listener," Jarman said after sampling the 21-hour session. "Then I took that test...
Only declining farm prices (food for home consumption is now 1.1% cheaper than a year ago) kept the cost of living from inflating more. From 1966, home ownership costs (including mortgage interest, taxes and insurance) rose 3.5%; apparel, 4%; used autos, 4.3%; and medical care, 6.6%. Since May, overall consumer prices have climbed at an annual rate...