Word: cost
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Dates: during 1970-1979
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Hansen said ethanol currently costs about $1.61 a gallon, but that experts working on increasing the efficienty of the distillation process predict the cost will eventually be 85 cents a gallon or lower...
...week the National Association of Home Builders called an emergency meeting in Washington to bewail the high mortgage rates. The group's economist, Michael Sumichrast, darkly predicted that housing starts, which ran at a 1.9 million annual rate in September, will soon be cut in half. The soaring cost of money, he claimed, has already forced 10 million Americans to abandon temporarily plans for that dream house...
...Volckerism continues to drive up the cost of money and tighten credit much further, the cheering will increasingly be mixed with catcalls. House Majority Leader Jim Wright of Texas is already bitterly denouncing the Federal Reserve for "pouring gasoline on a fire in a misguided effort to put it out." He argues that high interest itself is a cause of inflation because it increases the cost of buying a new home or constructing a new plant. Builders Union President Robert Georgine warned that President Carter's pledge to his workers to "not fight inflation with your jobs" would...
...czar, Alfred Kahn, admitted that his earlier hopes for the nation to be out of double-digit inflation by next spring have been eliminated by increases in oil prices and mortgage rates. Kahn argued that inflation will not be brought under control so long as OPEC continues raising the cost of crude and the U.S. remains dependent on foreign oil. As a means of lessening that reliance, he said, the Administration had been considering a 500 per gal. gasoline tax and even gasoline rationing...
...excessive emphasis on cost cutting," he recalls, "produced an aberrant method of evaluating performance. At one time the assembly plant in Tarrytown, N.Y., year in and year out produced the poorest quality cars of all 22 GM U.S. assembly plants. In some instances, Tarrytown cars were so poorly built the dealers refused to accept them." Yet because of consistently low production costs, DeLorean contends, the plant manager got one of the highest bonuses among all GM managers...