Word: pocketbooks
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...London for $469.20 (v. $522 for bigger lines), New York to Oslo for $472.20 (v. $590.60). Says Nicholas Craig, president of the line's U.S. subsidiary, which operates the transatlantic business: "For years the airlines have talked about bringing trans-ocean travel within reach of everybody's pocketbook. We've done something about...
...paradox of the waning 1950s is that prosperity has become the root of problems. From Buffalo to Bombay, prosperity-fueled inflation is gnawing at the consumer's pocketbook, and the high cost of money is crimping the expansion plans of business and industry. The problem (which the Finns call "a crisis of prosperity") is reported and analyzed in BUSINESS, World Capital Shortage, and FOREIGN NEWS, Life on the Escalator...
...Laborites, cock-a-hoop with the victory, had won with 1) a more attractive candidate (capable Barrister Niall MacDermot), 2) a solid, close-to-the-pocketbook issue in a proposed Tory bill to relax rent controls, 3) a much better political machine. The Tories were inclined to blame most of their troubles on a third candidate, a Junoesque, right-wing independent named Leslie Greene, 31, who campaigned on "I have no faith in the U.S." She siphoned off 1,487 votes, the majority of them presumably from the Tories. But Candidate Greene was not the whole explanation; since the last...
Oddly enough, neither Farmer nor Labor Candidate Niall MacDermot (a Cambridge-educated barrister) had a thing to say about Suez. The issue at stake was far closer to the British home and pocketbook: rent control. Last week, despite some timid objections from the back benches, the Macmillan government was going all out to put through its bill relaxing the controls which have frozen some 6,000,000 British rents at close to prewar levels ever since 1939 (only 6½% of income now goes for rent, as opposed to 11% prewar). The bill would raise the rent ceilings on some...
...about soaring prices, which have brought complaints from pension-holders and others on fixed incomes. Many economists think that inflation has reached the acute stage, beyond which lie the hardships of a depression or the inequities accompanying devalued currency. Although there are some optimistic voices, anticipation of a general pocketbook squeeze calls for inquiry...