Word: frugalities
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Despite incomes that rose to a new peak, consumers turned surprisingly frugal and saved 7% of their after-tax cash, the highest sustained rate in a decade. Savings banks and savings and loan associations, which had been strapped for mortgage funds a year earlier, were deluged with deposits. Thus housing became the year's comeback industry, climbing from an annual rate of 1,111,000 private starts in January to 140% of that level. On the other hand, retail sales-which normally account for two-thirds of what consumers spend.-rose barely faster than consumer prices, which jumped...
...musical resources, parceling them out with a parsimony that makes every jot count. Her sound, never big or brassy, is growing thin at the top and breathy at the bottom. So she spends her notes in the same way that dispossessed nobility lives on a dwindling income: with frugal selectivity but stylish aplomb. As she puts on weight, it becomes a little easier-but only a little-to believe that she is 47 and a grandmother. So she tones her act down to a quieter hush, focuses her emotions in an even narrower hypnotic beam, and makes the lifting...
...latest American step is a strategic error. Even "thin" U.S. systems may encourage the Russians to thicken theirs. The U.S. would feel compelled, no doubt, to keep up--and speed up what has been a fairly quiescent arms race. Affluent America can afford this no better than the frugal Soviets as McNamara openly admitted...
...former Governor Orval Faubus, who served six two-year terms before stepping down, voluntarily, in 1966. The boy from Greasy Creek-the ruins of his log cabin birthplace are just 15 miles from his present home-came into office in 1955, owning one weekly newspaper. By being "frugal" with his $10,000-a-year gubernatorial salary, as he puts it, he managed to acquire four more weeklies, and some real estate in Huntsville, as well as the big house on the hill (which drew 1,100 paying guests during the first weekend it was open, for a $1,375 gross...
Whether installing a pay phone in his 72-room Surrey mansion or waxing frugal in Playboy magazine, Oilman Jean Paul Getty has proved time and again that he is equally at home pinching a penny in his native U.S. or in his adopted Britain. Last week Getty, 74, was at it again-this time with some advice for British automobile owners anxious to get more miles for their money. "No cost-conscious motorist," said he, with his own inimitable perspective, "can ever afford to be without a chauffeur-even if he secretly plays the part himself...