Word: annually
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Dates: during 1960-1969
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...A.F.L.-C.I.O. bigwigs gathered in Bal Harbour, Fla., for their annual executive-council meeting last week, they were in a grim mood. They were mostly unhappy over Congress' second refusal to repeal Section 14(b) of the Taft-Hartley Act, which allows states to enact right-to-work laws. Pete McGavin, executive secretary of the federation's maritime-trades department, spoke for many of his colleagues when he observed: "If President Johnson had put as much emphasis on 14(b) as he did on his wife's beautification program, the measure would have gone through...
...abiding quandary is financial. New York, the world's wealthiest city, has to borrow to meet its $4 billion annual budget, last week was contemplating a whole new set of taxes (see U.S. BUSINESS). Yet, as Weaver points out, "if you start talking about putting on extra taxes, you may further accentuate the trend toward businesses leaving the central city and make its financial plight even worse than it was before. The whole notion that the city can lift itself by its own bootstraps is a snare and a delusion." Thus cities have no recourse...
Emphasizing their new "language of truth," the Soviet planners admitted that the good life is still a good way off. By 1970 they expect the Soviet national income to be up 85% from 1960-impressive, but still only half of the Khrushchev goal. Where Khrushchev forecast an annual electric-power capacity of 950 billion kw-h by 1970, the new five-year plan predicts 840 billion kwh. Over the same period, steel production is supposed to climb to 124 million tons a year (v. Khrushchev's 145 million tons), oil production to 355 million tons a year (v. Khrushchev...
...occasion was Unity Day, the annual observance that oddly celebrates Egypt's short-lived union with Syria. Warming to his subject, Nasser accused Saudi Arabia's King Feisal of financing a plot against him last summer, and of trying to form a conservative, anti-Nasser "Islamic alliance" with Iran's Mohammed Reza Shah Pahlevi. "Their object," Nasser steamed, "is to destroy Arab nationalism and unity." And who are the real architects behind the alliance? "Obviously," Nasser answered, "Washington and London." With that, Nasser all but tore up the six-month-old Egyptian-Saudi truce on Yemen, declaring...
Hurrying to Buy. Inflation is an international malaise (see WORLD BUSINESS) and symptoms of it are appearing all over the U.S. Last month wholesale prices climbed at an alarming annual rate of 6%. The Government's chief price expert, Commissioner Arthur Ross of the Bureau of Labor Statistics, expects prices to rise more markedly in 1966 than in 1965, when the wholesale index went up 3.4% and the consumer index 2.2%. The biggest increases will be in bills for medical care, recreation and repair services; the price of houses will rise more sharply than in recent years...