Word: costs
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Dates: during 1970-1979
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...Noting that Chapin's salary has just been raised from $225,000 a year to $245,840, Shareholder Harry Korba asked, "Why did you not have the decency to tell the board you would refuse the increase?" The dapper Chapin replied, "We are not going to discuss my cost of living." Another shareholder, Jerry Fylonenko, said that car buyers he had talked to variously described A.M.C.'s squat, glassy Pacer as "a fish bowl, a candy machine or a pregnant roller skate." Overall, though, the mood of the meeting was less one of anger than of sad resignation...
Other parts of A.M.C.'s business have been doing well. The Jeep division is setting sales records, and at year's end AM General had a huge backlog of orders for buses. As for passenger cars, cost cutting has reduced A.M.C.'s breakeven point, some observers estimate, to fewer than 300,000 autos a year. The company may be able to sell at least that many if predictions come true that total car sales in the U.S. this year will hit 11 million-but in the past few weeks that has become a giant "if." American Motors...
...could he not??but then goes on to castigate the tube for widening the generation gap. "TV has contributed to killing off the old form of entertainment where the family sat around listening to older people. TV has alienated youth from its elders, and this has cost us culturally and socially...
...what Korea sells most of all is cheap labor, paid the second lowest wages in East Asia. In 1975, 81.9 per cent of the workers earned under $62 per month. The official figure for the cost of living for a family of 5 is $85 per month (Korean National Tax Bureau). There are no unions, so strikes, no enforcement of environmental regulations or workers' health and safety provisions. South Korea is consequently highly attractive to foreign traders and corporations. In 1974 its foreign trade accounted for 74 per cent of its GNP; whereas for even so great a trading nation...
...said to be a different family from President Park's but Park Tong Sun has also been heard to claim that he is a cousin of the President. Dow Chemical Corporation, once notorious as the maker of napalm, is investing $150 million in a petrochemical complex said to cost $862 million, that also involves Caltex and the Korean government (Chemical and Engineering News...