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Chances are that in most cases the games will stay, the boycotts will fade, and prices will drift upward. It may be small comfort to the housewives, but food still costs less in the U.S. than in many other countries: in West German supermarkets, steak goes for $2.25 a lb.: in Britain, string beans now command 60? a lb. Most important, Americans spend only 18% of their after-tax income for food, while Europeans-who have far fewer convenience foods -spend from...
...Bankers' Association convention in San Francisco last week that the worst of the credit squeeze appears to be over; forecasts by the Commerce Department that in 1967 capital spending will increase by a healthy 8% and the gross national product will expand by 4%, to $770 billion. Led upward by blue-chip issues, the Dow-Jones industrial average gained nearly 21 points, crossed the psychologically important 800 mark at midweek, and closed at 808-up 9% from the year's low of four weeks...
...fighting is "the Rock," a jagged, 750-ft. fang of granite that thrusts upward at the intersection of three river valleys and two enemy trails. During July's Operation Hastings, the Marines established a reconnaissance post atop the Rock, and a lone sniper fed by airdrops of C rations controlled the area. Now it is a Marine battalion command post, under almost steady siege. Across from the Rock rears the Razorback-a steep ridge whose sides are pocked with caves dug by the Japanese in World War II, but now occupied by North Vietnamese. Several hundred yards below...
Bullish or Bearish? When Wall Street is caught with its shorts up, it is evident that bears have been at work. On the other side, a large short interest technically promises an eventual upward pressure on the market when the short buy to cover. In an exercise called "squeezing the shorts," artful traders sometimes purchase big blocks of stock that have heavy short positions; the idea is to push the short sellers into buying to cover and driving up the price...
...Anglo-French Concorde, the British Air Ministry recently revised cost estimates upward from $450 mil lion to $1.4 billion, and critics claimed even that was much too low. "Lies. Damned lies," said London's Sunday Times. Said the Daily Mail: "The final cost is likely to be $2.1 billion...