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Inflation has sent the cost of living soaring by nearly 5% since January. Beefsteak sells for $2 a pound, eggs 90? a dozen, cigarettes $1 a pack, and whisky $11 a fifth. Waiting lists for housing are years long. Taxes are sky-high and inching still higher; an across-the-board sales tax covering everything from food to services will rise by a third to a dizzying 16.5% next January. The once pristine countryside is being polluted, jobs are disappearing because of mechanization and there is a growing law-and-order problem...

Author: /time Magazine | Title: Sweden: The Processional of Power | 10/5/1970 | See Source »

Including a recently approved 6% across-the-board raise, the pay of the typical white-collar civil servant has been increased by about 55% in the past decade. To halt what had been an exodus of managers and key technicians from Government, salaries for the so-called supergrades, GS-16 to GS-18, have been raised as much as 80%. A GS-18 employee, typically a division chief in a department, earned $18,500 in 1960; today the pay is $35,505. Many private employers consider the top rates to be outrageously high. They complain that they cannot afford...

Author: /time Magazine | Title: Labor: Bearding Uncle Sam | 8/31/1970 | See Source »

Last week the Governor also sent to the legislature an emergency bill to repeal the compulsory-renewal provision. If it passes and insurers can overturn the 15% across-the-board rate cut in the courts, the no-fault plan has a chance to work. The legislature's insurance committee did agree last week to let insurers refuse to renew policies for some bad drivers, but insurers regard the change as inadequate. If the deadlock persists, Armstrong fears, there will be "a domino effect." Some auto insurers will pull out of the state; other companies, unhappy at the prospect...

Author: /time Magazine | Title: Insurance: Politics at Fault | 8/31/1970 | See Source »

...inflation. "We would have a 3-shilling loaf, a shilling bus fare and a shilling telephone call, and we would have to pay for them out of a 10-shilling pound," he declared. In Leicester, he evoked the specter of "the poor, the penniless and the housewives" facing across-the-board price boosts?milk up twopence a pint, jam up 8 pence a pound, sausage up 9 pence, coal up £2 10 shillings...

Author: /time Magazine | Title: World: Unexpected Triumph | 6/29/1970 | See Source »

...Immediate across-the-board promotions for 5,000 sergeants and 4,000 officers, coupled with pay hikes of up to 60% for all enlisted...

Author: /time Magazine | Title: West Germany: Help for the Orphan Army | 6/15/1970 | See Source »

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