Word: chaine
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Dates: during 1960-1969
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COOL HAND LUKE. This tough film about a cocky chain-gang prisoner (Paul Newman) who keeps his cool in the face of brutal guards makes excruciating viewing...
There is ample evidence that people in the ghetto are aware that they are often bilked-and resent it more than a little. During the 1965 Watts riots, five supermarkets of one chain, in bad odor with local residents, were burned to the ground, while three markets of another chain, which was considered fair, were spared. The chain grocers are now clearly in the spotlight and under duress to do better for the poor...
Enter Jack Hanson, who had just opened Jax in Beverly Hills (the boutique chain has since grown to eight stores). "We had far-out things of our own," says Hanson, "so we had a ready-made clientele for Rudi's stuff, and we pushed him." The three-way association worked profitably for seven years. In 1959, Gernreich and Bass separated. Four years later, with Bonwit Teller anxious to carry Gernreich's clothes and Hanson determined to have him exclusively or not at all, they too broke. "Rudi is a supreme egotist," says Bass, who now runs gas stations. Echoes Hanson...
...scaled the size of its move to produce a small response. Anything more than a 15% devaluation, the British were warned in the delicate, secret negotiations that preceded it, would have impelled France, Belgium and The Netherlands to mark down their money in retaliation. Had that occurred, the resulting chain of devaluations might have ripped the world's monetary system apart, and perhaps even caused a prosperity-wrecking slowdown in world trade (as happened after 1931). Moreover, only with limited repercussions could Britain gain the necessary time to repair its own floundering economy and increase exports to bring...
...balance of a $600,000 bill the American Seating Co. claims he owes it. The corporation had put 15,000 seats in Philadelphia's Spectrum, a Wolman-constructed, $12.5 million sports arena. If Wolman's 300 other creditors follow American Seating's example, the chain-smoking entrepreneur, who values his assets at $92 million and his liabilities at more than $85 million, could be wiped out. Says he: "I can't tell how close to bankruptcy I am. It's up to the creditors. If the creditors don't take stupid action, like American...