Word: barbers
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With money short and hairstyles increasingly long, many men are taking their time between haircuts. Barbers in some cities report that their business has been clipped by 25% to 50%. But even the barbers' woes seem small when measured against those of the manufacturers of barber chairs. For many years they had a cozy industry; several domestic firms earned a steady profit by selling about 10,000 chairs a year to the U.S.'s 100,000 barbershops. Then in 1957, Osaka's Takara Belmont Co. slipped into the U.S. and began a classic Japanese takeover...
Takara has 70% of the U.S. market and worldwide sales of $25 million. Last year it opened an assembly plant in Somerset, N.J., and acquired the barber-chair subsidiary of Koken Companies, Inc. of St. Louis. Today there is only one large U.S.-owned manufacturer left: Paidar. The company once held 70% of the market, but now it is so troubled that President Nixon has ordered that it be given special Government...
...Colonial Secretary in the early 1960s, had helped one African colony after another to independence. Macleod was too radical to suit the crustier members of his party and was bypassed as Tory leader in 1963, yet he was all but irreplaceable. To succeed him, Heath appointed Anthony Barber, 50, Chairman of the Tory Party since 1967 and current top British negotiator with the Common Market...
Thus when a Bucharest police patrol stopped several teen-agers last week and informed them that their long hair offended public morality, the youngsters sheepishly went along to a police barber who summarily sheared them. Later, when the police got around to examining the boys' documents, they found that one of them happened to be named Nicolae Ceauşescu, 18, student. "Father's profession?" asked the cop. "Oh, he's the secretary of a political party," the boy replied nonchalantly. After profuse apologies from the police, young Ceauşescu assured them that there were...
...Lobbyist Liz Jaeger, who once championed free trade but is now campaigning for shoe quotas: "Shoes are vital for defense. An army has to have shoes to march on, doesn't it?" The A.F.L.-C.I.O. stand weighed heavily in the Ways & Means votes. Says New York Republican Congressman Barber Conable, a free trader: "It is awfully tempting when you can pick up labor votes on an issue like this...