Word: year-end
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Poland's numbingly familiar queues were longer than usual last week as people tried to buy scarce delicacies for the year-end holidays. In every city, town and hamlet, citizens stood in line in hopes of getting a carp for the traditional Polish Christmas Eve dinner. When available, the fish cost $1.22 a pound. In downtown Warsaw, as a Dickensian gloom settled over the capital one evening, more than 70 people queued up before a seedy, barren-looking candy store in hopes of buying chocolates for their children. The shortages are worse than usual these days, because of hoarding...
...more of a holiday spirit pick-me-up than an old-fashioned yuletide spending spree. The brief period between Thanksgiving and Christmas is the most important time of the year for many retailers, who can often earn up to 50% of their annual profits during those four or five weeks. But with the 1980 Christmas shopping season almost half over, prospects are steadily dimming for the sort of year-end stampede that might help prevent the economy's slipping back into a slump early next year...
While inflation has fallen back from the 18.2% annual rate hit last winter, TIME'S economists predicted that the rate of price increases would dip only to about 10% by the turn of the year or early in 1981, an alarmingly high base from which the economy will again begin growing. At best, the board predicted a 1981 year-end inflation rate of 9.4%. But any number of external shocks to the economy, such as big new oil-price jumps, a bad 1981 harvest or an excessively cold winter, could send prices leaping to far higher levels than that...
...route to Kansas City from Denver, on the last leg of his year-end tour, the one-time pizza maker from suburban San Diego celebrates his thirtieth birthday. It's Pearl Harbor Day in this wintry, flat midwestern town...
Celebrating the end of an outstanding spring campaign which included a 4-1 dual meet record and the 1980 Greater Boston Championship crown, the Crimson thinclads announced the selections during the traditional year-end banquet last Saturday night in the Harvard Faculty Club...