Word: squeezees
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While 1967 retail sales are expected to wind up 4% ahead of last year's level- at a record $314 billion- a sizable chunk of that increase reflects inflationary rises in retail prices rather than growing consumer demand. The effects of inflation-are also disturbingly apparent in the burgeoning...
Last week's price hikes are not likely to be the last. When demand picks up as expected, companies in many other areas almost certainly will raise prices to alleviate their profit squeeze. Moreover, labor leaders meeting in Florida last week were moaning over the lag in buying power...
Trimming & Scrapping. Although it had billings of $700 million last year ($445 million by McCann-Erickson alone), Interpublic nevertheless got into a serious financial squeeze. Just how bad remains the secret of a handful of top executives who own the company. They are willing to concede that Interpublic will have...
The founding of Stevenson Hall represents a leap forward in the progress of the Princeton social system. In five years the University may be running nearly all the clubs and they will probably look very much like Stevenson. As more and more sophomores decide that private clubs are not for...
∙FOREIGN RELATIONS. Another place not to cut is the Peace Corps, dollar for dollar the nation's most successful venture in foreign affairs. The House Appropriations Committee wants to squeeze the Peace Corps budget from $115.7 million to $105 million-a shortsighted trimming that would reduce the number...