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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Nov 17, 1966
Page
3
Democratic Councilman Matthew Troy says housewives nationwide are responding to his call for a one day Thanksgiving dinner boycott of chain stores on Monday.
George W. Koch, president of a group representing grocery manufacturers, argues food prices rise due to war and higher costs of production and distribution. He cites farm and distribution costs, transportation, and frost damage to crops as drivers, while blaming inflation and demand, not manufacturers, for higher grocery bills. Housewives face the impact as prices for items like orange juice and refrigerators climb.
The Commerce Department noted October activity eased from September, with gains in personal income and wages offset by a drop in industrial output. The report cites a rise in wages and salaries by about 1.4 billion, a 5.4 billion increase in Social Security and Medicare transfers, and overall sustained but cooling growth through October, signaling a potential moderating pace for the year.
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