Word: pricing
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Dates: during 1960-1969
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Snowmobiling is snowballing. In the past five years, sales of the low-slung motor-driven ski scooters (price range: $595 to $1,500) have leaped from 15,000 to 225,000 annually. This season, more than 1,000 snowmobile races and ral lies are being held in the northern U.S., featuring such varied events as the sla lom, jumping and drag racing. Though many of the competitions like to bill themselves as the "largest," "richest," "most unique" or simply "world's foremost," Alaska's annual Midnight Sun 600 Snowmobile Race is indisputably the world's coldest...
...Tanzanites in its vault, currently is the only U.S. jeweler with any substantial supply. Most of the gems are still unmounted, and Tiffany's is not selling the loose stones. The biggest sale so far: a brooch containing an 84-carat, square-shaped Tanzanite surrounded by diamonds. The price and purchaser are Tiffany secrets. Says Platt: "She is a very discerning collector of fine jewelry, so we can rest happy in the knowledge that our stone has found a good home." Wherever...
Something called THC appeared on the black market last summer, but in such short supply that it commanded a price of $8 or more per capsule. The predictable result is that nearly all the "THC" now being consumed, by sniffing or otherwise, is not really THC at all. Instead, it may be talcum powder, an amphetamine ("benny"), LSD or, more likely, a tranquilizer no longer approved for human use but still used to knock out ailing rhinoceroses and elephants in zoos...
...filed in Manhattan's Federal District Court, the trustbusters charged IBM with blocking competitors from "an adequate opportunity to compete." One complaint was that companies that sell only hardware or software or maintenance services could not easily win customers because IBM offered the whole package at a single price. For certain customers, such as universities, the suit continued, IBM set unreasonably low prices in order to crush competitors. The suit also charged that IBM had quashed the sales prospects of newly developed rival machines by simply announcing new products of its own-even though production was a long...
...immediate task in 1969 is to make a decisive step toward price stability. This will be only the beginning of the journey. We cannot hope to reach in a single year the goal that has eluded every industrial country for generations-that of combining high employment with stable prices...