Word: ratings
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Dates: during 1950-1959
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Time was when Russia's light-fingered lady discus thrower, Nina Ponomaryeva, could lift a couple of hats from a London department store (TIME, Sept. 10, 1956) and rate hardly a slap on the wrist from her commissar chaperons. Nina was needed for the Olympics. But the party line has changed. Last week Czechoslovakia's table-tennis champion, Ivan Andreadis, was "temporarily disqualified" from the national team for "unsporting behavior." His bourgeois crime: Ivan "forgot" to report a large hunk of his earnings...
...Place in Society. Last week the Southern editors finally got firsthand coverage of the racial angle in New York's school problem from a first-rate Southern reporter. To cover the story in depth the United Press assigned able, Georgia-born Alfred G. Kuettner, the U.P.'s longtime Atlanta bureau chief. Promised the U.P.'s Executive Editor Harry Ferguson: "If there are any squawks, I'll be your lawyer...
...jobless rise. Prices are easing in the textile, clothing and construction industries, but most German economists expect prices and wages to remain steady. ¶France, traditionally slow to react to economic fluctuations in the rest of the world, is still fighting inflation. While production is increasing at a rate of 9% annually, prices are still rising. Biggest concern: the government's battle to keep the budget deficit manageable. ¶The Benelux countries are in a mild recession. Belgians are worried about high coal stocks and low commodity prices. Dutch agricultural exports are lagging, but overall exports continue to rise...
While no one knows the percentage of total retail sales at cut-rates, merchandisers estimate that 90% of all small appliances are sold below list price, and say that cut-rate sales in other lines are growing fast. Several million young families, whose homes are from 75% to 90% stocked with possessions bought lower-than-list, buy no other way. Thus, while economists worry about the seeming paradox of price rises in the face of a general economic decline, the fact is that the prices contained in the rising Consumer Price Index are not what people really pay. Auto prices...
...cost has shot down many a fly-by-night discounter. But those who survive are accepted as legitimate businesses with all the rights of established stores-and then some. At first, discounters got only distressed merchandise and off-brand appliances. Today, they are such important customers that many manufacturers rate them higher than department stores. One fast-rising newcomer: the "pricelegger," who out-discounts the discounter by operating from an office filled with catalogues, is able to push out a flood of goods for as much...