Word: lures
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Dates: during 1960-1969
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Wanted: New Jobs. Tied to one industry, San Diego's officials are struggling to lure new employment sources to the city. Says State Labor Analyst Arthur McCarty: "We have all the facilities, all of the personnel and all of the money needed to retrain these workers. There is only one real problem: What do we train them...
...aircraft plants converted to aerospace, have sprung up vast community complexes. From houses to haircuts, prices have rocketed. At Cocoa Beach near Canaveral, beach property that 17 years ago sold for $20 a foot now fetches $1,000 or more. For decades, California advertised its oranges and sunshine to lure inhabitants, and a man could move there with a banjo on his knee. Now the big companies place column after column of classified ads in the Eastern newspapers and talk of the opportunities for good living, but specify the skills they want...
Some European and U.S. bankers fear that the endless lending and relending of Eurodollar balances has already led to a dangerous pyramiding of credit. Fortnight ago, U.S. Under Secretary of the Treasury Robert Roosa urged Congress to try and lure the wandering dollars home by eliminating U.S. interest ceilings on deposits from foreign central banks...
...dwindled so alarmingly that he had been forced to call on the 'U.S., Great Britain and the International Monetary Fund for a massive, $1.05 billion line of credit to shore them up. At the same time he decreed an austerity program designed to cut foreign imports and lure back foreign capital...
...profits have risen 81% to $4,268,000, and the company's sales in fiscal 1962 will amount to $230 million. All this Ferkauf has accomplished by pursuing a business philosophy that is as old as the Industrial Revolution: discard costly frills, use low prices to lure customers, and make up for low profit margins with high volume. Familiar as this philosophy is (and a lot of people are working at it), it takes acumen to practice. By succeeding at it in the sluggish 1960s, Eugene Ferkauf has seized the lead in a retailing revolution that is shaking...