Word: costlier
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...Michel (also called Big Mike) variety. Valery also gets a much higher per-acre yield. Even the Valery's biggest flaw has become a virtue: thin-skinned and fragile, it must be shipped in boxes instead of in on-the-stem bunches, and the necessary hand packing, while costlier, has made it easy to slap the company's Chiquita brand name on each banana...
...years of healthy, balanced growth, the pleasures of expansion turned into the pangs of inflation. Consumer prices pushed up 3.6% and industrial production expanded by an unsustainably high 8%. Striving for stability, the Government put its reliance largely on one weapon: the manipulation of monetary policy. Money became costlier and harder to borrow than at any time in 40 years...
...panic. Prime interest rates went up four different times, shooting from 4½% in late 1965 to 6% in mid-1966 - equal to an increase of 33% in twelve months. A wave of hedge-borrowing and money hoarding swept the country. Figuring that money would become steadily scarcer and costlier, corporate treasurers borrowed more than they needed. In June, the Chase Manhattan Bank raised interest rates on most consumer loans for the first time since 1959, to 5½% "discounted" (in effect 10½%), and other banks quickly followed. Bargain-hunting consumers rushed to borrow at 5% on their insurance...
During the first third of November. Cadillac, Buick and Pontiac shattered sales records. The tendency of customers to trade up from lower-priced cars cheers most automakers because costlier cars bring fatter profit margins. But what worries the auto companies' big-picture men is that once a customer hankers to trade for something fancier, he may jump to the other firm's line. In October, sales of Ford Motor's middle-priced Mercurys fell 11%, to 33,000, and its Lincolns dropped 18%, to 7,300. For that reason Ford shifted drivers at its Lincoln-Mercury Division...
...appetites. And all of the coun tries are looking to monetary policies alone for avoiding the inflationary im pact." So said Federal Reserve Board Member Dewey Daane last week, focusing on the fact that the U.S., among other countries, has sought to restrain its economic exuberance by making money costlier and scarcer than at any other time in the 1960s...