Word: rising
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Dates: during 1960-1969
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What angers Hughes, amuses Galanos and frustrates Norell are the new youth-oriented, high-rise styles, executed in eye-popping colors and freewheeling fabrics, that have turned the fashion world topsy-turvy in the '60s. The uprising has come close to creating a multi-skirt-length culture, and it is being opposed as vehemently as it is being cheered. "I hope that adult women will stop trying to look like kids it's a disaster when they do and develop their own look," says Seventeen Fashion Director Rosemary McMurtry. Scolds Society Columnist Suzy Knickerbocker: "The next thing you know they...
...flapper dresses of the 1920s, for instance, skimmed the top of the knee for only two years (1926-27) before hemlines began falling. Dior's New Look, which sent skirts plummeting in the post-World War II years, began in 1947; three years later, hemlines were on the rise. But there are also more durable upheavals based on fundamentally altered outlooks and attitudes; the present revolution, which has been a long time brewing, is one of them...
...more than California's Rudi Gernreich, 45, the man who shocked the world in 1964 with his topless bathing suit. No stylesetter has capitalized with more flair on the current vogue for exposure; but even his critics grant that Rudi's topless was only an incident in his rapid rise to leadership as the most way-out, far-ahead designer in the U.S. When he was inducted into Fashion's Hall of Fame this fall the sixth U.S. designer to be so honored he was hailed by the selection committee as "one of the fabulous originals," the designer...
...pledged to swap gold for dollars, at that price, to any foreign government that demands it. The dollar's standing as the world's chief reserve currency rests on that unique commitment, which makes the dollar as good as gold. But the commitment also means that any rise in the price of gold above $35 per oz. amounts to a devaluation of the dollar, and- very probably-global financial chaos. As he had the week before, President Johnson last week vowed again that the U.S. will support the price of gold...
Apart from causing interest costs to rise, the mini-pound should benefit U.S. consumers. However, the price of British goods shipped abroad will fall not by the full 14.3% devaluation but from zero to about 10%, depending chiefly on how much of the final tab represents transportation, import duties, U.S. distribution and profit markups. Auto dealers expect to cut prices of British cars by 5% to 10% within weeks. On the other hand, importers predicted that the cost of a bottle of Scotch will drop only a few pennies-after the Christmas holidays. Devaluation will shave the profits of some...