Word: pricing
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Dates: during 1960-1969
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...During the market madness of the 1920s, Catchings rose from a clerk to president of investment bankers Goldman, Sachs & Co., sat on the boards of 29 companies, and in 1928 launched Goldman Sachs Trading Corp.-a mutual fund which cost its holders close to $300 million when the price plummeted from $232 to $1.75 per share. Catchings resigned, later headed Muzak Corp. and retired last year as president of Concord Fund...
...separatism. "We've been very loose as far as ideological manifestoes go," says Ward, "but we are Negro oriented and we don't apologize for that." The ensemble has distributed posters to beauty parlors, barbershops and small retailers in Harlem and Newark, offered tickets at a discount price of $1.50 in Negro areas. Ward has ordered 20 seats per night to be held for Negroes who show up on the spur of the moment at the box office. But talent has no color line. The care and skill displayed in the production of Song of the Lusitanian Bogey...
...foreign goods. Wine-producing France, for example, puts a crimp on bourbon and Scotch imports by prohibiting all whisky advertising. In Italy, foreign automakers find it difficult to buy prime time on the state-owned television. Switzerland not only restricts imports of milk products but gives special help-including price supports and low-cost feed-to Swiss dairymen whose cows graze in remote areas or on mountain slopes...
...Work. The inflation, however, should diminish somewhat by midyear and the overall increase in the consumer price index, as a result, will be about 3.4%. Steadier prices plus high employment-but with younger unskilled workers a drug on the market-could put the consumer in a spending mood, depending on tax increases. Consumer spending on goods and services will increase during the year, with the greatest increase-7.5% to an average $218 billion-again in the service area. Housing expenditures should reach about $27 billion by the fourth quarter, or roughly the same as last year, but could go higher...
...fact, easily afford both guns and butter. Still, the President's bitter medicine contains no long-range or permanent remedies for the payments deficit. Temporarily effective though it should be, last week's package of controls attacks selected symptoms rather than the fundamental causes. At an unknowable price, it buys extra time for the nation to cope with the real problems: inflation arid the massive federal deficit...