Word: pint
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...year, the company plans to enter its 5800 sports car in the U.S. and European markets. Convertible and hardtop versions of the S-800, a small, four-cylinder, four-carburetor model that resembles the Austin-Healey Sprite, will sell for slightly less than $2,000 in the U.S. The pint-sized Honda 500 will cost about $1,100, will compare with British Motors' Mini Minor and the Fiat 600. Both the 5800 and the 500 derive from a four-cylinder Honda Formula II racer that won all ten of its Grand Prix starts this year...
Sales, of necessity, are geared to the poorest of the poor who can afford nothing better: 25 cents a shot, $1.25 a pint, on credit if need be. Those bootleggers who live in areas where there are at least a few relatively well-heeled customers will have nothing to do with untaxed liquor: the amount of cash involved is far too little and there is too much uncertainty. The police, for whom it is the simplest of errands to run someone in for possession of untaxed liquor, refrain on payment of a staggering $8 per week for each patrolman...
Many businesses are doing some fast footwork to avoid or soften the blow. The easiest solution is to raise prices. Thus, brewers have suggested that publicans charge a penny a pint more for beer, and the Hairdressers' Federation suggests an increase of sixpence a haircut. Hotels are also announcing or considering price hikes. The London Hilton calculates its wage bill will rise by $2,800 a week...
Worried savings and loan men insist that pint-size C.D.s steal their customers, and the Administration seems to agree. Treasury Secretary Henry Fowler wants Congress to empower federal bank regulators to roll back the maximum interest to 5% on C.D.s of less than $10,000. House Banking Committee Chairman Wright Patman wants to outlaw all C.D.s on the ground that they have become "financial monsters." Congress will probably give the Johnson Administration about what Fowler asked. Whether it will act fast enough to protect savings and loan associations from heavy savings losses after their semiannual dividend payments next month...
...Herodotus in 450 B.C. described the wonders of the Nile, where the natives worshiped crocodiles and shaved off their eyebrows when their cats died. Mark Twain, who made the Grand Tour a century ago, wrote delightedly of the cheapness of Moroccan currency ("I bought nearly half a pint of their money for a shilling"). The package tour, credit cards and 21-day-excursion jet fares have made the wonders of the Nile less wondrous and even Moroccan currency a lot less cheap...