Word: pricing
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Dates: during 1960-1969
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Final Arbiter. Price is not the only difference between slums and suburbs. During the luncheon break in Harlem, Subcommittee Chairman Benjamin Rosenthal of New York City led aides and reporters to a supermarket for a personal check. Packaged goods were found to be mismarked, frozen foods were half thawed, and the manager admitted that after two days on the shelf, packaged meat was taken back to the butcher's block, repackaged, relabeled-and redated. In St. Louis, a test by the city health laboratory determined that hamburger purchased at a slum store was 26.5% fat compared with...
...markets, to be sure, have some excuses-though they almost invariably deny that there is even the smallest price or quality differential between neighborhoods. Overheads are higher in the slums, a result of such things as pilferage and steep insurance costs. There is also less competition, the final arbiter of price. Slum residents, who lack the mobility of suburbanites, are generally stuck with one or two stores-or the choice of going hungry...
...most literal sense that was right. But Britain has been a trading nation far too long for its citizens to forget that devaluation sooner or later must hurt their pocketbooks by raising prices. Some unhappy Britons discovered that fact immediately. In Florence, British tourists who had bought their round-trip tickets in London before devaluation were not allowed to embark for home before paying an additional 14.3% to cover the pound's loss; at week's end 70 airlines agreed to increase by some 17% the price of airline tickets bought with pounds. A Scottish football team, traveling...
Unless Britain tightens its belt still further, by holding wage increases down while the price of imports bought in minipounds rises, the gains of devaluation will be dissipated by inflation. Though the giant Transport and General Workers' Union agreed to go along with a voluntary pay freeze, the striking dock workers refused to go back to work last week. There were also undisguised rumblings for bigger pay packets from the rank and file that may make it difficult for Wilson to hold the line on wage increases...
...month, the North Vietnamese have tried at all costs to seize the valley of Dak To, a natural tunnel from the Ho Chi Minh Trail into the Central Highlands. The U.S. has been just as determined to hold onto Dak To at whatever price. That head-on clash of wills resulted last week in some of the war's most savage fighting, on Hill 875, overlooking Dak To. After a five-day battle, U.S. troops finally took possession of the summit-and discovered why the Communists had fought so long and hard to defend the bamboo-wreathed elevation. Hill...