Word: retailers
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Dates: during 1970-1979
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...distressingly high. Last week in Vail, Colo., President Ford's chief economic adviser, Alan Greenspan, said of the CPI for August: "We do expect it to be below the double digit rate." The Department of Agriculture called a special press briefing at which officials reassuringly predicted that the retail cost of food will rise no more for the rest of the year than it did in July alone. Their reasoning: most meat and poultry prices appear to have peaked, and some have already declined at the wholesale level. In addition, the July spurt resulted partly from bad weather that...
...that the law permitted alcohol sales across provincial borders. So, although it is just a coincidence that bronfen is the Yiddish word for whisky, the young Bronfman brothers started a wholesale mail-order liquor business. For a time it flourished, but as the Canadian authorities gradually took over all retail liquor sales, the Bronfmans began looking south...
...prime indicator of the anticipated price of corn, hit a record $1.05 per Ib. Agriculture Department experts think American farmers are holding some crops in storage waiting for still higher quotes, and these experts hope that release of the food will push prices down later this year. Meanwhile, though, retail food prices in June rose at an annual rate...
...business inventory cutting. In addition, the statistics-except for those concerning inflation-have been good: unemployment fell from a peak of 9.2% in May to 8.4% in July, and the index of leading indicators in the second quarter registered the highest jump in 17 years. Auto sales and retail sales are generally improving...
...there is solid evidence that the decline has at long last hit bottom. Manhattan's First National City Bank reports that during the second quarter, after-tax earnings of 912 large manufacturing firms rose 10% above the first quarter. Profits of nonmanufacturing companies, such as banks, utilities and retail chains, increased...