Fund executive calls for cutting nonproducers to curb inflation
Milton Mound, president of First Multifund of America, argues in a letter to leading economists that inflation stems from nonproducers and subproducers. He compares society to a beehive, urging drones to work or be removed to restore supply and control prices.
MENTIONED IN THIS ARTICLE
New York
UPI
Milton Mound
Mound
First Multifund of America, Inc
Conference Board
America
Fashion leader notes rising costs hit 1974 clothing prices
Vincent Monte-Sano predicts 1974 ready to wear prices will rise up to three percent as fabric and labor costs climb. He warns the industry is in a downturn but expects benefits for customers through efforts by retailers manufacturers and designers. He criticizes the season's long garments and heavy fabrics while detailing the couture shows planned by the New York Couture Business Council and the ILGWU contract implications.
MENTIONED IN THIS ARTICLE
New York
UPI
Vincent Monte-Sano
Monte-Sano
New York Couture Business Council
Main Street
Couture Group
American Designers Group
International Ladies Garment Workers Union
ILGWU
Values and Prices in Lompoc Fabrics Market Amid Increases
In Lompoc, manufacturer level wage rises of 6 percent plus a 5 percent cost of living boost push consumer prices higher, roughly doubling by the time they reach shoppers. Synthetics stay costly due to energy pressures, silks and wools remain expensive with import tariffs, while naturals blend with polyester to cut costs. Monte-Sano notes blurring blends and quotes Ruskin on price versus quality.
MENTIONED IN THIS ARTICLE
Monte-Sano
Also Mentioned on This Page
Portville
Hansen Motors, Inc
North H St
Lompoc
OPELS
Shop Lompoc
John Ruskin
Orig
Nina Ricots
Gir
Sation
L’‘Air du Temps
By Nina Ricci
RIC
St E. Aleres
Northside Shopping Center
Infant’s
JC Penney
Atom Home & Yard
Red Rock
ALL Union
Lompoc Valley
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