Word: retailing
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Dates: during 1960-1969
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...Erpf, they have enabled the magazine to "complete its initial financing," says Felker. He thinks it will take about $2,000,000 to get New York started, modestly pins his initial circulation hopes at something over 100,000, counts on picking up some of the all-important Fifth Avenue retail advertising. Priced at 40? a copy, New York will appear every Thursday. At the beginning, the sales are expected to be 75% newsstand, the rest will be subscription...
...September 1, the UFWOC had placed organizers in 20 strategic cities. Their job was to establish a thorough boycott; trying to elicit cooperation from wholesalers and retail outlets, picketing those who were uncooperative, getting publicity for the boycott in local news media...
...Brink. Propelled by rising wages, employment and overtime, personal income climbed in August for the third month in a row. Retail sales kept pace. They rose in August for the third straight month, and are likely to rise even more as U.S. families, which have been saving 70 of each dollar, begin to spend some of what they have squirreled away. "As far as we're concerned," says Walgreen Drug Chairman Charles R. Walgreen Jr., "the public is on a buying spree." Adds Chairman Edward Hanley of Allegheny Ludlum Steel: "We're in an inflationary period...
Chaos & Catastrophe. "The economy is moving on a course of rapid expansion," said William McChesney Martin, chairman of the Federal Reserve Board and the man who most of all persuaded the President to seek the surtax. Listing rises in retail sales, personal incomes, housing construction and industrial production, an increase in inventories and order backlogs and a drop in unemployment, Martin found "clear and compelling evidence" of inflation. "An environment of rampant inflation," warned former Treasury Under Secretary Robert V. Roosa, "will afford little opportunity for the considered development of any national policy, domestic or foreign." Roosa forecast economic dislocation...
...some ways, new-found thrift has helped the economy. For example, the cash piled up in savings accounts has expanded the supply of mortgage money, which in turn has helped revive the home-building industry. On the other hand, the money in the bank has held retail sales and auto purchases to a relatively sluggish pace...