Word: retail
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Dates: during 1980-1989
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There are already signs that the changes are having at least a modestly stimulative effect. During June, retail sales climbed 1.4% from May's depressed level, and construction starts on new houses jumped to an annual rate of 1.2 million units, an increase of 30% over May. But this is still far below last June, when 1.9 million dwellings were built on an annual basis...
DIED. Arthur C. Nielsen, 83, founder and longtime chairman of the A.C. Nielsen Co., the Illinois-based market research firm (1979 revenues: $398 million); of pneumonia; in Chicago. Though the company's largest operation is its retail index, which charts purchases of grocery and drugstore products for corporate clients, it is most widely known as the source of the TV audience ratings that make or break shows and network executives alike. The system remains virtually unchanged since Nielsen introduced it in 1950: the TV tastes of the nation are distilled from a scientifically selected and highly secret sample...
...country meanwhile continues to struggle with an economic slump that is sure to drive Detroit's depression still deeper. Durable goods orders dropped a steep 4.2% in April, and retail sales declined 1.2%. Spokesman Jody Powell said President Carter now believes that Americans no longer need to heed his imprecation against credit card use and urged them to begin spending more freely again...
...Profits from pornography are immense. For publishers of sex magazines, profit margins run as high as 50 per cent of retail cost...
...development controversy is symbolized by the fight over Parcel 1B. The planned multimillion-dollar complex will feature retail shopping, restaurants, a movie theater, offices and housing--enough of each so that some environmental impact reports estimate traffic flow in Harvard Square could double at times ("After a certain point," Sullivan notes, "traffic flow ceases to be a meaningful term...