Word: supermarket
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Dates: during 1980-1989
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Part of the group of literary and cultural iconoclasts known as the Beatniks, Ginsberg first gained popularity in 1956 after publishing his poem, "Howl," Ginsberg's other well known pieces include "Kaddish" and "A Supermarket in California...
...were his ambitions. Called back to New York in 1960 after managing the Philadelphia branch office for five years, he sought and won authority to open a long-range planning section that laid the groundwork for transforming Merrill Lynch from a chain of brokerage offices into an enormous financial supermarket, complete with insurance, real estate and savings services. As a result, Merrill Lynch was able to breeze past the collapse of the '60s go-go market and, as the deregulation era dawned, to become a serious contender for retail-banking customers. Asked in 1979 to describe the financial institution...
...sound of Muzak is, of course, almost everywhere, and metastasizing: in the bank and the supermarket and the of fice elevator, on the telephone line when the victim has been put on hold. It plays in the White House and the Pentagon; it played during the Olympics; it played in the Apollo XI spaceship that carried Neil Armstrong to the moon...
...testing six women who spent their dreary days deburring very small items with dental drills. With Muzak in their ears, they deburred 16.8% more than before. Other tests showed that if music can make people produce more, it can also make them buy more. Sedately paced melodies in a supermarket slowed down customers enough so that they spent 38% more money...
DIED. Sylvan N. Goldman, 86, inventor of the shopping cart and multimillionaire philanthropist whose fortune was estimated last year by Forbes magazine to be $200 million; in Oklahoma City. Supermarket Owner Goldman built the first shopping-cart prototype in the mid-1930s using a folding chair as a model. The idea, which he patented and eventually marketed, came to him while he watched women using then standard market baskets. Said he: "They had a tendency to stop shopping when the baskets became too full or too heavy...