Word: wolman
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Dates: during 1970-1979
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Roger Klein and William Wolman, economists at New York's Argus Research Corp., an advisory service for the securities industry, argue that children are now regarded much like any other durable good. "You get a certain amount of satisfaction at a certain cost for a child. When costs go up relative to satisfaction, demand falls," explains Wolman. Adds Klein: "I believe that the decision to have children is made on the basis of what one is going to have to give up to have them." With two incomes to spend, more young working couples can now enjoy luxuries like...
Women may also find it easier to get jobs when the number of men available to enter the labor force falls off. Girls born from 1962 on will have a large pool of slightly older men to choose from as husbands. Says Argus Research's Wolman: "The effect will work itself all the way up the line until funeral services feel...
...first rumors of devaluation; the Dow Jones industrial average has risen sharply since Thanksgiving. Wall Streeters were registering their relief that the international money crisis appeared to be on the way to solution. The market stands to get a more direct boost from devaluation in 1972. William Wolman, vice president of Argus Research in New York, forecasts a record increase of almost $3 billion in foreign purchases of U.S. securities next year. After devaluation, foreign investors' money will buy not only more 747 jets and American coal, but also more U.S. stock...
...SAYS you can't take yourself seriously in bellbottoms? Not Baron Wolman, hip-type photographer-entrepreneur, Mary Peacock, 27-year-old refugee from Harper's Bazaar, or Blaire Sabol, fashion columnist for the Village Voice. Man, bellbottoms are about as serious as anything else the counter-culture has dreamt up. Which is also to say that they aren't very serious at all. Or at least not worth serious attention. Which isn't, of course, to say no attention...
Rags' rock overtones reflect its origins. Publisher Wolman, a freelance San Francisco photographer, is one of the creators of the rock-oriented bi-weekly Rolling Stone. In fact, after Miss Peacock, Contributing Editor Daphne Davis and Columnist Blair Sabol approached him with the idea for a new fashion journal, Wolman tapped several Rolling Stone investors to launch Rags for $54,000. Printed in San Francisco, the first two issues sold 50,000 copies each, mostly through newsstands in California and New York, and August circulation climbed to 60,000. Thanks to a spare budget of $16,000 an issue...