Word: run
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Dates: during 1960-1969
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Dear Not So Interested: The press run of our first issue was 375,000, and we sold 71% of that. We expect to prosper because Bob Guccione can make a go of anything. Though basically an artist (he draws some of our cartoons). Bob once made a splash in British dry cleaning, introducing a 24-hour delivery service. And he's proved what he can do with magazines. He now has two others besides Penthouse in Britain, and is opening a Penthouse Club in London this month...
...editorial matter, let us quote Brooklyn-born but much-traveled Guccione again: "What Americans think is kinky is right on target in Britain." This doesn't mean we'll run as much sadomasochistic stuff here as we do there. As we shake down, we'll tailor our U.S. edition more to American tastes. For Guccione, if nothing else, is a learner. Why, just the other day he didn't hesitate to ask a dining companion what eggs Benedict were. -Penthouse...
Paul McCracken, chief of the President's Council of Economic Advisers, expects many strikes ahead, but is not too worried about their long-run effect on the economy. Indeed, some Administration policymakers profess a rather Olympian unconcern over the impact of strikes. Partly for that reason, the Administration is determined to stay out of labor disputes. Labor Secretary George Shultz emphasized its stand a week before the strike at a meeting of the Business Council, the elite group of 200 business leaders headed by G.E. Chairman Fred Borch. Briefing newsmen, Shultz predicted much labor unrest ahead, but declared that...
...feud stems from the rising threat of cut-rate charter flights, which last year carried 14% of the passengers who flew the Atlantic. The only way for the scheduled lines to stall the charters is to reduce their own rates. A major impediment is that many of the state-run European carriers, which dominate the International Air Transport Association, have traditionally argued for higher fares. The U.S. lines have long pressed for reduced rates, figuring that lower fares would attract more customers and ultimately increase profits. But the U.S. lines are a minority within the IATA cartel. Another complicating factor...
...state-run Crédit Agricole bank, acting as an interested go-between, buys up most of the Genvrain shares that had been offered to Perrier, and resells them in equal amounts to Perrier and Bel. Then, in a burst of amiability, the principals agree to share Genvrain. The agreement serves the government's purpose of keeping France's dairy industry free from foreign control, but represents rather less than a major gain for efficiency. The terms of the formula, originally proposed by the Ministry of Agriculture, were divulged last week: Perrier and Bel will each...