Word: paule
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Dates: during 1960-1969
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Died. Boris Kroyt, 72, Russian-born viola virtuoso and for 31 years a pillar of the Budapest String Quartet; of cancer; in Manhattan. Ranked with Paul Hindemith and William Primrose as one of the viola's great masters, Kroyt joined the Budapest in 1936, and two years later the brilliant foursome traveled to the U.S., where their concerts and records raised chamber music to new heights of popularity. Their repertoire ran from the classical Beethoven and Brahms to moderns like Bartók and Milhaud, all played with a passion and Toscanini-like elegance that substantiated their preeminence...
...Paul McCracken, the President's chief economic adviser, warned the businessmen of sacrifices ahead. "You will have to steel yourselves to the fact that all the things happening are all the wrong things-lower profits, a cost squeeze." Even after the "painful transition" is over, he said, the Government will not allow the economy to resume its rapid rate of growth. Instead of annual increases in spending of 8%-10%, the growth will be held down, McCracken said, and "this difference should be kept firmly in mind." Labor Secretary Shultz said that the businessmen would have to face union...
...alone in their struggle against increasing consumer resistance. For the first nine months of this year, overall retail sales are only 4% above their 1968 pace-less than the rate of price increases. Even in Southern California, where department-store sales are generally up, one discount-store manager, Paul Hulse of Redondo Beach's Hartfield-Zodys, detects a downturn in sales of color televisions, luxury refrigerators and stoves. To meet the competition of discount stores, Sears, Roebuck has opened some 175 of its 825 stores for business on Sunday. Retailers-and automakers-can take heart from a historical pattern...
...question is what Northwest, which is the most profitable of the eleven U.S. trunk lines, wants with the money-losing carrier. St. Paul-based Northwest has earned more than $50 million in each of the past three years, flying high on routes that link the U.S. East and West coasts with the Orient. Boston-based Northeast is an odd amalgam of New England regional service, commuter runs to New York and Washington and vacation routes to Florida, Bermuda and the Bahamas. Its services to the South attract heavy traffic in the winter months, and little but heavy expenses the rest...
...growing. The country must either sell more surplus gold to pay for imports or reduce them and invite domestic inflation. Some European bankers have been urging the U.S. to relax its opposition to South African gold sales for official reserves. Washington has rebuffed that idea, but last week Paul Volcker, Treasury Under Secretary for Monetary Affairs, suggested that if South African trade deficits grow to worrisome proportions, the country might instead sell some gold to the International Monetary Fund. After all, the IMF's main mission is to promote stability in the international monetary system. By allowing South Africa...