Word: across-the-board
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...militants, but he was also spared exposure to crowds of voters. He expended two valuable hours at Leisure World, a housing complex for the elderly in Seal Beach, where Comedian Jimmy Durante introduced him as "Hoi-but Humphrey." The residents were undoubtedly pleased when he advocated a 50% across-the-board increase in social security payments, but that gratification soon evaporated as he rambled garrulously on for nearly an hour under a broiling...
...declared the end of the Great Steel War of 1968. The President, said Christian, welcomed the relatively modest 2.5% price increase on many items just announced by U.S. Steel. After all, it was a "substantial improvement from the general inflationary threat" originally posed by Bethlehem Steel's across-the-board increases of nearly...
...Administration's campaign had begun soon after the Bethlehem announcement. Arguing that a 5% across-the-board increase was unreasonable, Johnson ordered Government agencies to buy steel only from companies that held the price line. Spearheading the attack was the Defense Department, whose 3.7 million-ton annual steel consumption (half of which goes for ammunition) accounts for nearly 4% of the industry's output...
...threatened to open an investigation. Over the weekend, the heads of three big defense suppliers-Bethlehem's Martin, C. William Verity of Armco and Thomas Patton of Republic -were summoned to Washington for talks with Navy Secretary Paul Ignatius. Before long, their companies were issuing statements that across-the-board did not actually include shell steel, bomb casings, barbed wire and other military items. Defense, for its part, quickly claimed victory...
Less Clout. In threatening to divert Government orders from steelmakers adopting across-the-board price increases, President Johnson was brandishing one of the weapons that John F. Kennedy used in his 1962 price showdown with U.S. Steel.* While Government purchases account for about 8% of the steel industry's total output, it is questionable to what extent Government contractors can be forced to switch suppliers. Kennedy succeeded in beating back U.S. Steel's price hikes by persuading Inland Steel Co. to hold the line, but L.B.J.'s lame-duck status leaves him with far less clout than...