Word: lowe
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Dates: during 1960-1969
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...Steinway sells all the pianos it can make (3,500 a year), hence does not bother; but many manufacturers spend as much as $50,000 for an endorsement from a big-name performer or a music center. The struggle for the mass market has stiffened with the entry of low-priced Japanese models. Even now, before the Kennedy Round tariff reductions, which will lower duties from 17% to 8%, Japanese grand pianos sell for one-fourth the price of domestic models. Their U.S. sales climbed from 6,219 in 1964 to 9,263 last year...
...competition, Aeolian in 1951 moved Ivers & Pond south to Memphis and built the company's largest and most modern piano plant. It was close to the supply of high-grade wood, opened untapped markets, and, for a while at least, labor costs were considerably lower. Nevertheless, even a low-priced piano takes about six weeks to manufacture, while a more expensive one can take up to six months. As President Henry R. Heller Jr.-the grandson of the company's co-founder-puts it: "We can mass-produce to a point, but when you reach the final assembly...
Horrified Epicures. French doctors still prescribe it as a health food: it is low in fat-a prime consideration for liver-conscious Frenchmen-and high in protein and minerals. But yogurt has long since transcended the fad-food stigma. Though epicures gag at the thought, some Paris restaurants serve it at dessert time, right alongside the Brie, Chevre and Camembert...
...same Republican opponents who criticize this program's costs are the ones who staunchly support the funding of Senator Percy's plan to provide below-market interest-rate loans to low-moderate income families purchasing homes. In other words, they argue that rent supplements are too costly, but that Percy's plan--their own Republican proposal--is not. Regardless of the merits of the Percy proposal, the use of it as a substitute for rent supplements is outrageous. Supplements aid the very poor, while the Percy bill would help only those people who could show enough income stability to maintain...
...often makes matters worse. In some cases of urban renewal, poor people are evicted without sufficient provision being made for their relocation at rents they can pay. In other cases, the new public housing structures themselves deteriorate into slums. Because all tenants of a public housing project have low incomes, the project has basically the same atmosphere as an urban ghetto; almost all occupants are usually members of racial and ethnic minorities...