Word: costlier
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Makers of costlier premium California wines praise the Gallos for bringing new wine drinkers to the fold with their inexpensive wines, even though many drinkers damn the pop wines as an insult to cultivated taste. "Ernest Gallo has done more for the industry than any individual alive," says Joe Heitz, whose small winery turns out some of the state's most sophisticated wines. Though Gallo wines have long been something of a joke among wine snobs, lately oenophiles have been pleasantly surprised. Gallo's Pink Chablis recently triumphed over ten costlier competitors in a blind tasting among...
Despite only moderately strong corporate borrowing, U.S. bankers have been steadily edging up their prime rates on loans to businessmen. Higher rates could eventually lead to costlier consumer loans and mortgages, add to inflation and slow the economy by making businessmen more reluctant to borrow. Now members of the Administration's Committee on Interest and Dividends, headed by Federal Reserve Chairman Arthur Burns, are warning influential bankers in New York City and elsewhere to hold down their prime rate. The message, in some cases delivered by Burns himself: lifting rates now is unnecessary and a little greedy...
...Sisyphus condemned forever to roll a heavy stone up a steep mountain, the American taxpayer has long seemed fated to support indefinitely the ever-costlier needs of government. Now, surprisingly, the burden may be getting a little lighter-at least on the state and local level. For the first time since the late 1940s, state and local governments are beginning to show a collective surplus. Altogether, in this fiscal year, these government units are expected to take in about $ 138 billion-$7 billion to $ 12 billion more than they spend...
ALWAYS EXPENSIVE, a Harvard education is becoming costlier each year. But a new Harvard program announced this year may make the burden easier to bear...
...quite simplistic." It assumes that more growth inevitably means more pollution. Yet the alarming rise in pollution, says Commoner, has been caused not by growth per se but by changes in the composition of growth-for example, the postwar shifts from soaps to detergents. Shifting back to cleaner (and costlier) products and techniques could decrease pollution much more than the Meadows team foresees, while permitting output to continue rising. In essence, the Meadows team projected current trends into the future without analyzing how man might alter them. The whole exercise, say critics, proves again that the past is a shaky...