Word: digitalizing
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Notice those peculiar markings that are appearing on all sorts of products on store shelves-the striped codes with ten-digit numbers that have rechristened such items as a giant-size box of Tide as 37000-91220 and a can of Campbell's tomato soup as 51000-00011? They are part of an automated pricing and check-out system that food-industry officials hope will one day yield impressive cost savings (TIME, Dec. 30). Though it is still experimental, consumer groups are already opening fire on the system, which they fear will confuse shoppers by eliminating price markings...
...companies. Combined with a slightly easier monetary policy, the measures should be enough to help trigger a modest recovery during the second half of the year (production rates already are inching up, and jobless rates down). But they are hardly sufficient to bring back the halcyon era of double-digit G.N.P. growth that Japan enjoyed before it was rocked by twin economic shocks in the early 1970s. Dollar devaluations and yen revaluations raised prices of Japanese goods abroad and cut into export earnings; that plus quintupled oil prices touched off the inflationary explosion...
...comply with new legislation. But Burns insisted that inflation remains the No. 1 long-term problem. Excessive congressional spending on stimulative programs and high federal borrowing, he warned, could lead to a budget deficit of $100 billion for fiscal '76. That, in turn, could reignite ruinous double-digit inflation...
Although a few unions have managed to negotiate double-digit increases (settlements in the first quarter averaged 12.5%), WJ. (Bill) Usery, director of the Federal Mediation and Conciliation Service, says that "wage settlements seem to be moderating." The average 1975 raise, he predicts, will be under the 10% average provided for in the first year of contracts negotiated during 1974. That may be an understatement. Some groups of workers are even accepting pay cuts or other economic adjustments in order to prevent further layoffs and spread the available work...
...have also managed to provoke some outspoken enemies." In the forefront are the credulous victims of Gardner's recent hoaxes: an elaborate treatise that demonstrated the power of pyramid-shaped structures to preserve life and sharpen razor blades, and "proof by a fictional Dr. Matrix that the millionth digit of π-if it were ever computed, would be the number 5. Even angrier are those occultivated believers in extrasensory perception and faith healing. From the beginning of his career, Gardner has been illuminating the dark corners of paranormal science to reveal a phalanx of sleight of handworkers and mail...