Word: wools
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Dates: during 1970-1979
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...good manners, honor and duty, some stern dictums from his parents ("Thank God every day for what you've been given . . . don't feel sorry for yourself . . . admit your mistakes, you'll only get back what you give"), and something else. Head down in his wool scarf, puffing steam in the cold, he recalled what he saw in the first months in Nixon's White House, when the seeds of today's disaster were sown. "All those people were running around with their vulnerable egos, more interested in their power than in governing," he said...
...that after having spent a good deal of money on warm winter clothing, the American public complains when they find out that they will have to wear it this year. All along, stores, houses, schools, etc., have been kept far too warm in the winter for anyone to wear wool without being miserably uncomfortable; yet in the summer a person cannot enter a public place without donning a sweater to keep from turning blue...
...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...
Taking advantage of the bargains, Japanese and other foreign buyers bought up 40% of the U.S. wool output, as well as most of Australia's production. Now double knits have become less popular; but wool is tight, and wool prices are climbing...