Word: checkout
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Taber's family has begun buying nonperishable goods in quantity when the price is right. "This can draw bizarre looks at the checkout counter and cause problems when you are moving," warns Taber, who is in the process of transferring to the New York City area to become an associate editor in TIME'S Economy & Business section. "The movers seemed bewildered by the cases of paper towels, dishwashing liquid and toothpaste my wife Jean had squirreled away in the cellar." Confides Taber: "She manages the family finances. As an economics correspondent, I never touch anything less than...
Zooming costs of processing and distribution have created a strange paradox. Higher farm prices instantly bring increases at the grocery checkout, but retail food prices can also go on rising while farm prices drop sharply. Example: the Soviet grain purchase of 1972 and other heavy export demand kicked off a few years of unprecedented farm prosperity. Net farm income more than doubled in three years to an unparalleled $33 billion in 1973, and soaring retail food prices combined with OPEC's oil gouging to produce double-digit inflation. In 1976 and 1977, farm prices broke; farm income shriveled...
...there was less to the good news than met the eye. Food prices, which rocketed during the winter and spring, dipped 0.3% at wholesale in July, promising some relief at the supermarket checkout in coming months. The dip had been expected, however. Indeed, if it had not occurred, the U.S. would have been in a desperate inflationary jam: wholesale prices of other finished goods continued to jump at double-digit rates. At best, chances have only improved for holding consumer-price increases for the year to no more than the 7.2% that the Administration forecast. Says Alan Greenspan, a member...
...largest boost in prices comes from the middlemen: the processors and distributors. Aggressive advertising and sales drives add dollars to the bill at the checkout counter. The rising costs of transportation and energy are another source of food inflation. Last year $16 billion was spent just to package food. It is not so much the cost of food itself that is driving prices up, but the consumers' apparently insatiable demand for convenience and variety-and the food companies' zeal to satisfy those appetites...
...cooperative of ex-servicemen takes 15 min. longer but costs a mere 55?. Flow Through: smooth, due to recent renovation of ancient terminal. Porters abundant. Baggage handling costs 110 per piece. Longest unassisted walk: an easy 15-ft. stroll from terminal entrance to immigration counter. Immigration and customs checkout: allow half an hour. Hotels/Motels: two five-star hotels four miles away. Amenities: newly air-conditioned. Air India runs a restaurant serving inexpensive international cuisine (no alcohol available). Usual duty-free fare, though a bit cheaper than in other airports. First aid. Overall: more efficient and less congested than the Bombay...