Word: boosts
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Dates: during 1960-1969
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...hardly demand major victories-at least until a serious supply bottleneck is broken and Westmore land gets the extra combat divisions he has been pleading for. But as the U.S. troop level climbs toward 400,000 men, as the price of war begins to crimp Great Society programs and boost taxes, Americans may find it harder than ever to accept the long war predicted by the Administration. Military men talk in terms of years, and though other officials insist that "something will give" long before that, few would risk curtailing the U.S. buildup...
Under the pact, East Germany agreed to continue to reserve 50% of its ex ports, including machinery and other specialized manufactures, for the Soviet Union. Apel and his young technocrats wanted to boost hard-currency earnings with increased exports to the West. Their "illusionary, unbalanced demand" was to use these earnings to buy technically advanced Western plants and equipment. Instead, the trade pact committed East Germany to deliver some 300 merchant ships to the Soviet Union, at prices 30% below what Western buyers would have paid. The Soviet Union promised to supply oil, iron ore and other raw materials...
Piqued by the ideas popularized by Soviet Economist Evsei Liberman, the command economies of Communist Europe are openly and eagerly adopting such capitalist tenets as cost accounting and the profit motive. East Germany, Czechoslovakia and other formerly Stalinist satrapies are cautiously granting more powers to local managers to. boost or slash production, prices, investments and labor forces. State enterprises in Poland, Hungary and Rumania this year closed deals to start joint companies in partnership with capitalist Western firms...
...Sword's Other Side. Prosperity will bring the Government an extra $8.5 billion in tax revenues in the next fiscal year, and that means the U.S. can afford to boost its total federal spending by $8.5 billion without causing significant inflationary pressure. If spending bulges much higher, the economists can fight inflation by brandishing the other sides of their Keynesian swords. Though Keynes spoke more about stimulus than restraint, he also stressed that his ideas could be turned around to bring an overworked economy back into balance. Says Walter Heller: "It should be made entirely clear that Keynes...
...help balance its budget, the inflation-plagued Bonn government will boost liquor taxes from $1.44 to $1.80 a fifth throughout West Germany starting Jan. 1. West Berliners, however, have been paying a special tax of only 470 a fifth. Bonn is abolishing that preferential rate because it figures that the city's economy is now strong enough to do without such a subsidy. As a result, West Berlin liquor prices are expected to climb from...