Word: scotching
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Dates: during 1960-1969
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...among the world's highest income taxes (a top executive with a $14,000 annual salary hands over $4,100 to Her Majesty's cof fers), now face higher purchase taxes on thousands of consumer items from liquor to lollipops, TV sets to autos. The tax on Scotch rose 300, to $4.80, lifting the total purchase price of a bottle to $6.48. Because of the tax, cigarettes rose 20, to 670 a pack (total tax: 450), and gasoline increased 40, to 730 for an imperial gallon (total tax: 470). The new levy added a penny to ice-cream...
...company's 16 bottling plants, he cut $1,500,000 a year from operating costs. To pep up promotion, he hired two new ad agencies for soft drinks; he allocated more money to plug such profitable sidelines as Canada Dry gin and vodka and Johnnie Walker scotch, which the company distributes in the U.S. In came four outsiders and out went four of the company's 16 vice presidents. "I didn't raid Colgate, or anything like that," says Mahoney. "George Neumann [vice president for planning] is the only one I ever worked with before. Some...
...Galbraiths were not as joyless as most of their neighbors, whom Galbraith limns in the bittersweet memoir, The Scotch, but the children were still imbued with their neighbors' stern Calvinist ways. "Sexual intercourse," he wrote, "was, under all circumstances, a sin. Marriage was not a mitigation so much as a kind of license of mis behavior, and we were free from the countervailing influences of movies, television, and John O'Hara." After a not particularly brilliant high school career, Galbraith entered Ontario Agricultural College at Guelph, "not only the cheapest but probably the worst college in the English-speaking world...
Organizing beautiful women to help publicize his clients (Piper-Heidsieck champagne, Haig & Haig Scotch, Manhattan Jeweler Harry Winston) is the way Manhattan-based Obolensky makes a living. When Alexander's department store in Manhattan decided to compete with rival Ohrbach's in copying original Paris dresses, they automatically turned to Obolensky, who pulled off a smash fashion show using models named Baroness Fiona Thyssen and Princess Ira von Furstenburg. "They were such good girls to do a favor," says Obolensky...
...first batch of Kennedy Round tariff reductions was going into effect last week, a wide assortment of other trade barriers loomed as high as ever. These are nontariff gimmicks designed to impede the inflow of foreign goods. Wine-producing France, for example, puts a crimp on bourbon and Scotch imports by prohibiting all whisky advertising. In Italy, foreign automakers find it difficult to buy prime time on the state-owned television. Switzerland not only restricts imports of milk products but gives special help-including price supports and low-cost feed-to Swiss dairymen whose cows graze in remote areas...