The Economy: The Squeeze Of the Freeze

A SIGN in a Chicago appliance store urges: "SUPPORT THE PRESIDENT, BUY A FREEZER." That prompted Chicago Daily News Columnist Robert J. Herguth to ask: "After 90 days, a sale on defrosters?" All over the U.S., the freeze is touching people's lives in myriad ways. A sampling of its effects last week:

IN PASADENA, CALIF., Rose Bowl officials stopped selling tickets to the Jan. 1 classic pending a ruling by the Cost of Living Council on whether a proposed price hike from $8 to $10 is legal. Though the game will be played after...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!