Word: cash
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Dates: during 1960-1969
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...Johnny Cash records his performance At Folsom Prison...
...lights are twinkling as brightly as ever in store windows this Christmas, but the cash registers so far are not jingling a very merry tune. Says Allan Johnson, head of Saks Fifth Avenue's 30 U.S. stores: "Shoppers are looking a lot more before they buy, and they are buying in smaller quantities." Inflation-pressed customers are also passing up the higher-priced items. Most stores are posting at least small sales increases over the 1968 Christmas season, but price boosts account for all the gains. In Pittsburgh, where reductions in factory overtime have cut some shoppers...
...Robert L. Coon, 56, a staff photographer for 25 years, was given the option of $10,000 in severance pay or a $100-a-month pension. He picked the pension. One executive was offered a promotion and a raise at Goodrich, then fired three weeks later. He chose a cash settlement of $23,000 instead of a $135-a-month pension. Most of the dismissed employees have found other jobs...
Clausen grew up in Hamilton, Ill., where his father, a Norwegian immigrant, owned and edited the local paper. He studied law at the University of Minnesota (LL.B., '49), and got a part-time job counting cash at the Bank of America while preparing for bar exams. After he passed, he decided to become a banker rather than a lawyer. He rose rapidly through a succession of lending jobs, many of them involving the financing of corporate mergers and takeovers. Clausen owes his big promotion partly to the fact that he is eleven years younger than his chief rival, Executive...
Faith in the free market has caused Friedman to condemn many Establishment institutions as monopolies. His targets include the New York Stock Exchange?in his view, a brokers' commission-fixing cartel?and the public-school system. He contends that the Government should issue vouchers that parents could cash at any school they choose for their children. This, he says, would encourage the founding of independent schools to compete with public schools, particularly "in the ghettos where schooling now available is extremely unsatisfactory." He believes that men who work as leaders in the free market should devote their full energies...