Word: toed
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Dates: during 1960-1969
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> Viet Nam War becomes the first in "history to be brought directly into the living room, 1964.
The consumer caution is due not only to inflation but also to growing uncertainty over the economy. Last week's figures disclosed continuing November declines in industrial production, housing starts and workers' purchasing power, distressingly combined with consumer-price increases that were running at a 6% annual rate...
Nevertheless, many retailers expect their gray Christmas to be followed by sluggish spring sales. Lawrence Goodman, a vice president of Korvette, offers a bit of cheer for the consumer: "There will be great buys in January" -when stores mark down the goods that they failed to sell before Christmas.
Around the Portage Country Club in Akron, Ohio, conversation these days is anxious, subdued, and addressed to one topic: dismissals of executives and white-collar workers at B. F. Goodrich Co. Since September, the fourth largest U.S. tiremaker has quietly retired or fired several hundred employees, including one vice president...
The purge is a result of last spring's attempted takeover of Goodrich by Ben Heineman's Chicago-based Northwest Industries. Goodrich waged a successful defense [TIME, May 23] that has become a classic in corporate tactics. But Northwest emerged as the largest single stockholder, with 16% of...