Word: lessness
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Dates: during 1960-1969
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Married. Evelyn Y. Davis, 40, corporate gadfly whose insistent questions at annual stockholders' meetings (some 60 a year) are viewed by management as only slightly less disruptive than stink bombs; and Marvin Knudsen, 59, a New York stockbroker; both for the second time; in Greenwich, Conn...
Demonic Strain. Such a string of disasters and scandals might well have sunk a less vital group. But last week, midway through a triumphal U.S. tour-their first in three years-Jagger and company were busy proving just how well they thrive on adversity. Selling out the Chicago International Amphitheatre twice in one night with its inimitable brand of gritty, Negro-derived blues, the group re-established itself as one of the most durable and original forces in rock. As usual, the music tapped the dark, demonic strain in human emotions, and as usual, the central figure was Jagger, gaunt...
...third quarter, and industrial production fell in October for the third straight month (see chart). Housing starts fell 12% last month to the lowest level in two years, and new orders for durable goods, which had risen sharply in September, settled back again. The price picture is less clear. The consumer price index rose at an annual rate of 4.8% in October, compared with a 6% rate in September, but a one-month variation of that size is not enough to signal any turn. Economists find it at best a mildly encouraging sign that the rate of price increases...
...Less extreme pessimism is being expressed even by some minority voices within the Government. Treasury Economist Herman Liebling has warned in a confidential memo that prices could rise as much as 6% next year. His reasoning: labor productivity is likely to drop while wages keep rising, intensifying cost pressure on prices. J. Dewey Daane, a member of the Federal Reserve Board, expressed doubt that price increases will slow to a "tolerable" rate even by the end of 1970, despite the Board's tight squeeze on credit...
...Poor Price Index. Actually, price increases are less painful for the poor than for the middle class and wealthy, the two analysts maintain. They have rejiggered the figures in the Government's consumer price index, which is largely based on middle-class spending patterns, to construct a "poor price index"; it gives more weight to increases in food and rent expenses, less importance to rises in clothing, transportation, medical and education costs. Between 1965 and 1967, the last year for which they calculated the poor price index, it rose 5.1%, compared with a 5.8% increase...