Word: counter
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Dates: during 1960-1969
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...housewives' assault on the high cost of food, one item at the check-out counter has become a highly visible target: trading stamps. Trouble for the $1-billion-a-year industry is coming from all directions...
...costs of food distribution in half since the 1930s, other expenses are rising. From 1955 to 1965, wages went up 46%, but retail food prices rose less than 14%. Yet supermarket operators admit that they could do considerably more to reduce costs through automation. Across the typical checkout counter run 22 tons of merchandise a week-all of it totted up and packed by hand. Says George W. Jenkins, president of Florida-based Publix Super Markets: "Many repetitive supermarket activities are readymade for mechanical and electronic assistance...
Stark points to Zimmerman's first-down bootlegs and his quickness to run counter-plays off the series he sets up as examples of skillful playcalling...
...Board practice, actual stock prices are published, not including the fixed broker's commission. By contrast, an over-the-counter stock quoted at $40.50, including a 3% "retail markup," is actually worth $39.25. Because the buyer never knows the size of the hidden markup, the SEC said that the practice is deceptive and urged the National Association of Securities Dealers to publish true prices instead. The NASD objected, arguing that this practice would drastically cut profits and drive small dealers out of business...
Last week the NASD changed its mind and announced that true prices will be published for some 4,000 active over-the-counter stocks beginning next month. The switch was prompted by an 18-month experiment in which 1,300 stocks were quoted at wholesale prices on a test basis. Not only did the dealers survive the experience, but other unlisted companies clamored to get in on the program, realizing that accurate over-the-counter quotations help broaden investor interest...