Word: coste
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Dates: during 1950-1959
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During the G.N.P.'s upswing, the U.S. cost of living held just about steady, meaning that the added output was solid growth, not mere bloating. Last week the Bureau of Labor Statistics announced that in February lower food prices brought the consumer price index down one-tenth of a point to 123.7 (the 1947-49 average = 100). That was two-tenths of a point below last November's record high, and only four-tenths of a point above the March 1958 level...
...poor abroad instead of sending Christmas presents to friends at home. And then one day he heard of Ike's suggestion that private citizens should help alongside the Government's huge aid programs. French decided to create an entire community. CARE told him it would cost $10,000, and French chose Korea. "After all the years of trouble, I thought they deserved some help. Korea is one of the outposts of the free world...
...call it, why does Khrushchev care so much whether it is formally acknowledged by the West? Obviously, such recognition would give the final stamp of legitimacy to Soviet colonialism. By destroying all hope in the conquered lands, the West could indeed relax tensions for Russia, but at a cost of weakening itself...
...sitting on our suitcases any more," said a Polish scientist in Szczecin. "We are here to stay." Peasants, assured by the government that there will be no forced collectivization, are expanding their holdings under a new government scheme that allows farmers to buy state land at low cost. Obviously with Vatican approval, Cardinal Wyszynski has sent Polish bishops into the area, proclaiming, "Poland has come here, plows and sows here, kneels and prays, believes and loves here...
Witness Slichter, 67, seemed almost affectionate toward price upcreep. "A slow rise in the price level is an inescapable cost of the maximum rate of growth," he said. The effects of slow inflation "are by no means as disastrous as they are frequently described." Like most other economists of the a-little-inflation-never-hurt-anybody school, he failed to make the distinction between the short-term direct effects of price upcreep and the much more serious longer-term psychological effects of accepting price upcreep as inevitable and tolerable (TIME, March...