Word: retailing
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Dates: during 1960-1969
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Soon San Jose was transformed from a somnolent agricultural county seat into a hive of technical industry. Lockheed, IBM, Hewlett-Packard and United Aircraft all built big plants amid the plum trees. By last year Santa Clara County had surpassed San Francisco County in population, retail sales and annual payroll...
...military interference, was a less happy choice. Into Brazil's vice-presidency went José Maria Alkmim, 62, an old crony who for 28 ill-starred months served as Kubitschek's Finance Minister, during which time scandals rocked the ministry, the value of the cruzeiro dropped 50%, retail prices soared 60% and the treasury debt to the Bank of Brazil tripled...
...better chance in the fall, Douglas-Home hopes to heal the Tory party's rifts, notably about the government's recent repeal of "resale price maintenance," a system of manufacturer-pegged retail prices like U.S. "fair trade" laws. And he is also counting on the additional time to put himself to the electorate...
...chains, on the other hand, maintain that they enjoy no substantial savings. For one thing, their share of the retail price of beef must pay for rising labor costs ($3.57 an hour for male cutters, $2.91 for women wrappers) and for the increased cost of handling, cutting and wrapping, which amounts to 90 a Ib. Moreover, many housewives no longer will buy cheap cuts of meat, preferring to buy steaks that they can throw on the broiler rather than a 590-per-lb. portion of stew meat that needs to be cooked most of the day. Since there are fewer...
Traditional Step. The Johnson Administration can do little to lower retail prices, but it will try to close part of the gap between them and livestock prices, as a starter has ordered more beef served in school lunch programs and more distributed to needy families. Cattlemen meanwhile are taking a traditional step toward the same end: an estimated 2,000,000 head are being held back from market. But a paradox lies here too. Bad weather or economic pinches could force cattlemen to dump the held-back cattle, thus tumbling prices even lower than they...