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From Manhattan's cluttered Seventh Avenue, hub of the $5 billion women's garment industry, came a pronouncement last week: the sack is dead, and the chemise is so changed it will hardly be recognized. A record swarm of 3,578 out-of-town buyers crowded into the garment district for the annual June showings of fall fashions, heard the judgment of the manufacturers: they simply are not making the sack. As for chemises, since some big manufacturers found they had dropped to 5% of sales, they...

Author: /time Magazine | Title: Business: Scrapped Sack | 6/30/1958 | See Source »

...OUT-OF-TOWN VACATIONS: "I do not believe that any individual, whether he is running General Motors or the United States of America, can do the best job by just sitting at a desk and putting his face in a bunch of papers . . . Actually [the President] ought to be trying to keep his mind free of inconsequential detail and doing his own thinking on the basic principles and factors that he believes are important, so that he can make clearer and better judgments...

Author: /time Magazine | Title: THE PRESIDENCY: Tougher & Better | 5/12/1958 | See Source »

...without bothering to pick up his Phi Beta Kappa key. In 1922, after a bicycling trip through Europe, he went confidently to work as a $15-a-week cub on the Chicago Daily News. When the Teapot Dome scandal broke in 1924, he landed one of his first out-of-town assignments by observing that none of the news stones said what Teapot Dome looked like. In a breathless Inside report from Wyoming that made Best News Stories of 1924 and foreshadowed a familiar Guntheresque ploy, he wrote: "Teapot Dome has no resemblance whatever to a teapot...

Author: /time Magazine | Title: The Press: The Insider | 4/14/1958 | See Source »

...postal deficit, which is running over $650 million a year. Last week, thanks to unexpected party solidarity among the Republicans (only two G.O.P. defections, v. five party-line-crossing Democrats), the Senate voted 49 to 42 to raise the rate on in-town letters to 4?, to raise out-of-town mail...

Author: /time Magazine | Title: THE CONGRESS: The 5 | 3/10/1958 | See Source »

Comparison of the figures bears this out. The first class hike will raise local postage 33 per cent, and out-of-town postage 66 per cent. The second class increase (which will affect the major magazine concerns) will not be that high, and the "junk mail" increase will only amount to 14 per cent of its current insufficient rate. In addition, the Senate has rejected an amendment which would have raised rates for companies using over $1 million of postage annually. This would have more nearly compensated for the strain the big weekly magazines put on the post office...

Author: NO WRITER ATTRIBUTED | Title: First Class | 3/8/1958 | See Source »

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