Word: paper
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Dates: during 1960-1969
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...show-stopping (if irrelevant) footwork by a trio of pretty chicklets billed as Extraordinary Spooks. And Frances Foster has a delicious bit as a highfalutin Whitey lover who is afraid that a lynching will ruin her daughter's debut, which is slated to be "written up in the paper near the society page." But many prefer him dead-the church for ritual, the whites for souvenirs, an African tribeswoman for dinner...
...salaries but union resistance to automation. He had powerful local support from the beginning. Otis Chandler's nonunion and increasingly automated Los Angeles Times, a bit beset by federal antitrust action, feels more comfortable with a rival around. For a time, it helped Hearst print his strike-bound paper. Mayor Sam Yorty, a Democrat of sorts, put city hall on Hearst's side. "I think the unions should get wise to themselves," he said. "They're putting the newspapers out of business." More important, the city's big businessmen stuck with Hearst. Although the paper sold...
Heavy Costs. Hearst's victory was not cheap. Strikers followed carrier boys on their routes, noted houses taking the paper, later claimed to have talked 125,000 subscribers into canceling. They persuaded 200 news dealers to stop selling the paper, smashed hundreds of Herald-Examiner vending machines. In all, circulation dropped from 730,000 to 540,000, at a cost to Hearst of about $2,000,000. Advertisements for the year slipped about 7,000,000 lines behind the year before, a loss of at least $7,000,000. Hearst was forced to lower his ad rates, probably losing...
...abnormally steep demand that may cause an abrupt contraction on some less lucky tomorrow. As usual, some of the worst victims of inflation were the poor, who had to pay more for everything and lacked either the resources or the sophistication to invest in property or paper with a rising value to offset price increases. Clearly, one of Richard Nixon's first priorities must be to slow the inflation without starting a recession, whose first victims would also be Amer ica's poor. Economist Arthur Burns, one of Nixon's most influential advisers, warns: "If inflation continues...
...would do nothing to solve the basic imbalances in the major nations' currencies and economic policies. But moneymen are talking more and more about the need to revalue many currencies at once and to expand the world's monetary reserves by quickly creating a form of "paper gold," the so-called "Special Drawing Rights." To do this, they may decide to hold the first monetary summit meeting since the existing system was set up in 1944 at Bretton Woods, N.H. More likely, they will take less dramatic steps-slowly and in secrecy...