Word: prices
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Dates: during 1960-1969
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...could change the spelling from Pompidou to Pompidoe," said he. "It's the same pronunciation in Dutch. But you will have to pay the cost of changing my neon sign." Not a word since from the embassy, which apparently does not feel that one letter is worth the price ($20). Anyway, Pompidou loves nightclubs...
...Conroys emerge from basement with day's take: last week's haul included eight place settings of gold-plated flatware for $39.95 (original price: $110), a man's fake suede car coat for $6 (originally $25), four pairs of lined, imported gloves at $5 each (originally $16), and a framed painting of a Spanish warrior for $14.95 (once close to $50). "A good shopper needs only one to two hours to case the place," says Mrs. Conroy. "Longer than that and you begin to get headaches...
...cash registers so far are not jingling a very merry tune. Says Allan Johnson, head of Saks Fifth Avenue's 30 U.S. stores: "Shoppers are looking a lot more before they buy, and they are buying in smaller quantities." Inflation-pressed customers are also passing up the higher-priced items. Most stores are posting at least small sales increases over the 1968 Christmas season, but price boosts account for all the gains. In Pittsburgh, where reductions in factory overtime have cut some shoppers' pay, stores have been running cut-price sales in the middle of the Christmas season...
...consumer caution is due not only to inflation but also to growing uncertainty over the economy. Last week's figures disclosed continuing November declines in industrial production, housing starts and workers' purchasing power, distressingly combined with consumer-price increases that were running at a 6% annual rate. Arthur Burns, who will become chairman of the Federal Reserve Board on Feb. 2, conceded to a Senate committee that the U.S. faces a "danger" of recession. He spoke cautiously of a relaxation of the board's credit squeeze-if Congress passes a noninflationary tax bill and President Nixon...
...great electrical price-fixing conspiracy brings jail sentences for seven executives...