New Breed Consumer Weighs On American Economy
The article argues that modern American consumers are wealthier educated and credit ready, buying for taste rather than need. This changing, less predictable consumer behavior affects savings rates and overall economic dynamics, troubling the Federal Reserve and economists.
MENTIONED IN THIS ARTICLE
New York
George Katona
University of Michigan
Federal Reserve
Federal
Concorde Maiden Flight Delayed By English Strike
A mechanics strike at OMIDIAL Myland halts equipment installation on the British Concorde, risking delay of its maiden flight. French version expected to fly late December or January. The piece also notes tax policy timing issues and shifts in consumer spending theories influenced by Keynes. James Habon wins design contest for the White House.
MENTIONED IN THIS ARTICLE
Omidial
Myland
British Aircraft Corp
John Maynard Keynes
Keynes
Thomas Jefferson
White House
James Habon
Flour Sack Life Cycle Noted in World Almanac
The World Almanac describes the 100-pound flour sack lifecycle in frontier economy. Bags were bleached and turned into work shirts with worn collars on both sides before being trimmed into dishcloths.
Hot Days Form Life of Marines in Vietnam War
A Marine unit trudges six miles west of Khe Sanh under nine foot elephant grass and blistering heat. Packs weigh about 60 pounds with seven days of gear as Marines battle heat exhaustion, thirst, and jungle rot along a muddy trail toward Hill 44. Echo Company endures heat casualties and dehydration while crossing streams and pushing toward Lang Co village, with plans for another grueling day ahead.
MENTIONED IN THIS ARTICLE
Vietnam
Khe Sanh Valley
Khe Sanh
Demilitarized Zone
United States
Gulf Company
Gulf Company, 2Nd Battalion
4Th Marine Regiment
Hill 44
Echo Company
Lang Con
Hill 424
Stamp Designs Highlight Christmas Stamps and Trade Items
Countries issue Christmas stamps including Australia Norfolk Island five cent designs and a Bethlehem view. Scott's catalogs list rising prices for US and European postal stamps. Korean Trade Fair stamp design features the Main Gate. Space Cover Catalog guides space-themed covers. Britain issues regional stamps. Western Samoa marks South Pacific Commission anniversary with coast views. Bridge traffic in California rises with Benicia Martinez and other toll facilities showing gains. Republic of Korea files requests for stamps honoring Portugal’s bridge with a sharp rise in demand.
MENTIONED IN THIS ARTICLE
Syd Kronish
AP News
United States
Australian Philatelic Bureau
Australia
Norfolk Island
Bethlehem
Earth
Western Samoa
South Pacific Commission
South Pacific
Pacific Islands
International Bridge, Tunnel and Turnpike Assn. Inc
Benicia-Martinez
California
Jeveme
An Mateo-Hayward
Republic of Korea
Portugal
Sein
Also Mentioned on This Page
Henke-Kroger
Val
Clip
Redeem
Wilson
Spalding
Top Value
Top Value Stamps
Puonla
aTes
Wyle
Texas
Yule
Scott
U.S
Africa
Asia
Kurodong
Seoul
American Topical Association
Milwaukee
Wis
Great Britain
Northern Ireland
Scotland
Wales
Monmouthshire
Isle of Man
Guernsey
Jersey
Ellizabeth