Word: wool
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...silk necktie that went for $7.50 last year is now $12.50. At Manhattan's Saks Fifth Avenue, men's wool suits that sold for $280 earlier this year now cost $310. Presaging a further rise at the retail counters, wholesale apparel prices in October rose 1.7%-the biggest monthly jump since the Korean War year...
Silk is in short supply because of labor shortages in the Japanese silk industry and heavy Japanese buying of Chinese silk to meet high demand. Wool is scarce largely because prices fell last year when demand dropped because of the popularity of synthetic double knits...
...found inspiration about four years ago when he walked into a Barcelona gallery and saw some tapestries -"hangings," in the current vernacular -by a young Spaniard called Josep Royo. They were insouciant works, with various objects sticking out of the wool. Miró decided at once that with Royo he could and would create a new style, in a career that has had many styles. He sought out the young man, told him briskly: "Let's start working together at once. We are going to break traditional molds." In the next years, the two worked in close collaboration. Every...
...told Royo where to add a canvas patch, where to drape a cascade of wool, where to drop coils of fishermen's rope. Says Miró: "Wool and weaving give me a great sensual feeling." Agrees Royo: "When he picks up a skein of wool, he closes his eyes to feel it, and cries, 'C'est formidable...
...plaid wool shirt, Ash looked deceptively casual. He sat at the head of the walnut conference table. In front of him was a five-page agenda for two full days of work. "Gentlemen," Ash said quietly to the 14 men, "let's get going. We have a budget to prepare." That first session lasted seven hours. It was the same the next day-isolating the trouble spots like the massive defense expenditures, then hammering them back into place, billion by billion, even by millions...