Word: supermarketeering
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Dates: during 1960-1969
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...then goes out to round up contributions to fill in the orchestra's immense deficit. The musicians, astonished at being celebrities, have largely resigned themselves to the occasional pain of Szell's whip; 67 of them now own homes in Cleveland, butchers wave to them at the supermarket, and, as one says, "even the bank knows you have roots if you're in the orchestra...
...hand-picked management team. It has brought a dramatic revival to Farm-Machinery Maker Massey-Ferguson (TIME, June 15), organized Dominion Tar & Chemical Co. into a $340 million sales giant that makes everything from table salt to precast concrete, and built Dominion Stores into Canada's largest supermarket chain (350 stores). Argus also controls Canadian gold and iron mines, plywood and lumber mills, shopping centers, a satellite city, Canada's largest radio station (Toronto's CFRB) and Canadian Breweries (Carling's), the world's largest brewer of beer and ale. Total sales...
Landmarks are toppling like dominoes, and the latest to get a foretaste of doom is Montmartre's Moulin Rouge, soon to make way for a supermarket unless sentimental Parisians can block its sale. Built in 1889 as a dance hall for Paris' deliciously depraved demimonde, it subsequently became a cabaret, vaudeville house, cinema, and a focal point for "generations" of wide-eyed tourists. Its raffish denizens were immortalized by Henri Toulouse-Lautrec, the unhappy dwarf who turned poster drawing into a fine...
Armed with blank check, ballpoint pen and driver's license for identification, almost any American can cash a check at his friendly neighborhood supermarket or liquor store. This shirtsleeves casualness about money has ballooned bad-check losses in the U.S. to an estimated $1 billion a year. But bum-check pushers may shortly find their livelihood threatened by automation. In Los Angeles, a pair of science-minded entrepreneurs are using a digital computer to blot out what J. Edgar Hoover calls "fountain-pen bandits...
Subscribers pay $30 a month for the direct telephone line to Telecredit, plus 20? each for every inquiry above 150. So far, 400 Los Angeles companies have signed up, including Sears, Montgomery Ward, the May Co., and almost all major supermarket chains in the area. Katz and Goldman expect to expand into San Francisco and San Diego this year, then reach eastward. One of their sales points: the number of bad checks passed in Los Angeles declined almost...