Word: surpluses
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Dates: during 1960-1969
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...many as 200,000 at Christmas time-surge through the store's three dungeon-like underground levels, fighting for everything from name-brand nylon panties at 39? a pair to a Russian sable worth $8,500 and a positive steal at $3,000. As the outlet for surplus stock from such fashionable stores as Saks Fifth Avenue, Neiman-Marcus and I. Magnin, the basement has become the happy hunting ground for Beacon Hill dowagers and Charlestown secretaries-all trading hip blocks with shoppers who regularly fly in from New York, Philadelphia, Washington, and as far west as Chicago...
THAT NIGHT. At home in Needham Mrs. Conroy and Terry sort through day's buys, setting some aside to be wrapped for Christmas, others for storage in a special closet they had built in their basement for the surplus. As they hold up each item, they ask: "Do we really need this?" And each time, giggling like schoolgirls, they answer...
Certain staples of civilized life in the Western world-butter, for instance-may be in short supply simply because they will become too expensive to produce in volume. Otherwise, though, the '70s will be a decade with a food surplus, perhaps even a grain glut, that could lead to agricultural depression. Whether hunger is eliminated, however, depends upon the mechanics of distribution-a problem for politicians and economists, not for agricultural technicians...
...more urgent than even the task of providing urban housing or filling other social needs. For that reason, probably the last thing the U.S. needs right now is a tax cut, however popular the idea. A cut would stimulate consumer spending, probably deny the Nixon Administration a budget surplus as a means of cooling off the economy, and throw the whole burden of combatting inflation onto a continued tight-money policy-to the distress of both home buyers and businessmen. In the longer run, a tax cut would absorb much of any "peace dividend" from lower spending on Viet...
...tension. Drifting down under its three big orange-and-white chutes in full view of a worldwide TV audience, Yankee Clipper suddenly seemed to be billowing smoke-a sight that was ominously reminiscent of the fatal Apollo fire in 1967. In this case, however, Skipper Conrad was simply venting surplus fuel, an operation usually performed at a higher altitude...