Word: marketed
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Dates: during 1970-1979
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...preferred to err on the safe side. In the past few years it has restricted the use of hexachlorophene as a disinfectant and banned chloroform for use in cough medicines and sequential-type (imitative of natural hormone cycles) birth control pills. In 1976 the agency took off the market Red Dye No. 2, the most widely used coloring in food and cosmetics. FDA officials conceded that there was no proof that the dye was unsafe but contended that manufacturers could not prove it was safe-even though the substance had been used for 100 years under the name of amaranth...
...efforts of the late Senator Estes Kefauver. The Senator, an early appreciator of the political appeal of consumerism, pushed through legislation allowing the FDA to ban drugs unless they could be proved effective as well as safe. Thus the agency became involved in preventing possible products from reaching the market, as well as demanding the withdrawal of hazardous ones. Since 1962 the FDA has kept more than 6,500 prescription drugs off the market because their effectiveness could not be demonstrated. The number of over-the-counter products under evaluation has now swelled...
Rare-book dealers and collectors had mixed feelings about the record costs. "The Snopeses are in the market," grumbled one bibliopole, as agents for wealthy clients pushed prices to new highs. But as the bidding raised the value of items already in his stock, the same dealer was heard whispering to himself...
...visitor to the hide-and clothbound world of rare-book dealers can fail to sense the excitement of the current paper chase. Behind the talk of versos and rectos is the awareness that big money is moving into the market. Disenchanted with stocks, wealthy investors have sought to beat inflation with old books. Connecticut Businessman Jonathan Goodwin, whose books were sold at the record-breaking auction, at least tripled his investment...
Buying "high spots," as the most desirable books are called, is no guarantee of profits. Authors' reputations can rise and fall like cyclical securities. In first-edition fiction, it is usually the collective judgment of critics that establishes basic market value. But tastes change. John Galsworthy seemed a safe bet in 1930 when a first edition of his The Man of Property (1906) sold for about $250. Today that property, in good condition, would be worth a little more than half that amount. During the '50s, literary quarterlies were fragrant with allusions to Henry James' "sensibility...