Word: retailing
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Dates: during 1960-1969
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Though Sandburg's "hog butcher for the world'' is no more (many of the slaughterhouses have moved out), Chicago remains a mercantile and industrial center for the nation. Its wholesale and retail trade runs better than $33 billion a year. The city handles more freight cars daily-26,000-than New York and St. Louis combined, boasts terminals for 20 rail lines. Its motor arteries are clogged by 800,000 truck trips daily. Its McCormick Place is the nation's biggest convention hall, plays host to organizations that spend more than $200 million a year...
...noble in 1930 by King Victor Emmanuel chiefly for his exemplary treatment of his workers, Count Gaetano has five sons to carry on his title and the family business: Vittorio Emanuele, 40, a Liberal Deputy; Umberto, 36, who runs the farms; Paolo, 32, a sales executive with the retail outlets; Pietro, 25. a law student, and Giannino, 34, who has been handed the prize assignment-running the textile company. As a youth, handsome, soft-spoken Giannino became an Italian national hero by twice (in 1950 and 1953) winning the Mille Miglia road race. Says Giannino: "Racing was a good preparation...
...Secretary of Labor, James Suffridge, president of the Retail Clerks International Association. "I don't know what his politics are, but he and his union judge members of Congress on their actual voting records, rather than for their political affiliations...
...situation has bred a new type of retailer, who caters to bankrupts and habitual bad debtors. Some of these retailers may be motivated by genuine solicitude for a man who has fallen on bad times. But many are taking calculated advantage of the fact that no bankrupt can go bankrupt again for six years. This means that in case of default, they can garnishee his salary (or repossess the purchase) without danger of being frustrated by a new bankruptcy action or forced to settle for a fraction on the dollar. In Chicago, where personal bankruptcy cases have risen from...
...going on a spending splurge at the end of 1962. Autos are still the biggest beneficiary of that splurge, and sales in the first third of February ran 12% ahead of last year. Sales of radios, television sets and furniture are also rising and have helped to lift total retail sales for the first week of February to 6% above last year...