Word: retailing
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Dates: during 1960-1969
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...festooned toylands of the U.S. last week-and caching away their finds on high closet shelves-the shopping had seldom been easier on the budget, or the variety of toys greater. Toys were bigger, more complex, better made and, believe it or not they were cheaper. Manufacturers' retail prices were a catalogue fiction; price-cutting was the fact everywhere...
...create or attract more service industries. Pennsylvania's service industry employment has steadily increased, jumped from 79,000 in 1950 to 103,900 this year. By attracting enough factories to employ 10,000 people, Scranton figured that it created 17,000 additional jobs in the service industries, retail businesses and professions. One reason: an average of three people leave the relief rolls for every new job created, thus increasing the market for services...
...tape for farmers. The helping voice: Henry Agard Wallace, 72, Agriculture Secretary under Franklin Roosevelt, Vice President during F.D.R.'s third term, presidential candidate of the Red-tinged Progressive Party in 1948. Said Wallace: Kennedy's "parity of income" for farmers (TIME, Oct. 3) would push up retail food prices by an average of 25%-the same figure that Nixon has used in campaign speeches. Furthermore, Wallace went on, the Kennedy farm program "would require a large staff of public employees to handle licenses and inspections. I studied mathematics, and I have dealt with farm affairs since...
Young Karim gives and invests with an eye on political trends. In Uganda, where the 10,000 Ismailis almost monopolize retail trade, black nationalist leaders last year organized a boycott of Ismaili shops, and the Aga Khan is now advising his followers to shift into other lines-"small industry, the professions, the civil service." In every country, the Aga Khan interviews key Cabinet ministers to find out what industries the government is keen on developing, and sets up a local
...Detroit, retail sales in October are running 4% ahead of last year. Sales of New England retail stores were up 1% from last year in the four weeks ended Oct. 8. Retail sales in Southern California have stopped a steady climb that began early in 1958, and are running about the same as last year, which represents an actual slippage in the face of California's steadily growing population. In the Federal Reserve district covering Texas and parts of Arizona, Oklahoma, Louisiana and New Mexico, department-store sales for the four weeks ending Oct. 15 are down 7% from...