Word: sales
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Dates: during 1960-1969
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Eager to embrace the past, the widow keeps only tenuous links to the here and now. Her apartment has become an antique shop in which everything is for sale. "Be careful with these dishes-they are sold," she warns her dinner guests. Every evening she compulsively gambles away all she owns at the local casino. She spurns a stolid admirer who is in the demolition business, destroying the old to make way for the new in the "martyred city" of Boulogne. Most troubled of the four is the widow's stepson, who cannot forget (nor can any conscientious Frenchman...
...Brandeis alumnus arrested with the undergraduates for sale of narootics, Charles Giuliano, has left his teaching post at the Chapel Hill School for Girls in Waltham under what the school called "a mutual understanding." A Chapel Hill official said that Giuliano had been hired only three days before his arrest, and "had never even completed a full day of teaching...
...Distressing as it may be to A.T. & T. the sale of offbeat handsets is booming. Two companies in New York City account for most of a fast-moving retail and mail order business in rebuilt foreign antiques and reproductions, equipped with dials and plug-ins to fit a phone company jack (Jacqueline Kennedy has one on a 19th century Victorian table in her White House office). Also popular are American antiques-wood-cabinet wall phones and the stand-up type that went out in the late '30s, known in the telephone trade as "the Eliot Ness." Newest dodge...
...paperwork make installment loans unprofitable at 9%. Most states with interest-rate limitations also have special laws permitting higher percentages on installment purchases. Nebraska merchants and lenders lobbied for such a law, and in 1959 they got one. Without repealing the 9% overall limit, the legislature passed an installment-sale statute allowing true yearly interest rates as high...
Last June the 1959 law backfired thunderously. The state Supreme Court ruled that the law violated the state constitution, which forbids the legislature to set a "special" interest rate applicable only to specific kinds of transactions. Any seller who had charged more than 9% on an installment sale, said the court, forfeited the legal right to compel the purchaser to pay. The legislature hastily passed a substitute law, with altered rates and revised wording, but a few weeks ago the Supreme Court struck down that effort...