Word: costlier
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...Jersey withdrawal was a significant sign that scarcer and costlier money-that classic tranquilizer for a souped-up economy-was finally starting to restrain spending. Another sign: the National Industrial Conference Board reported that the nation's 1,000 largest corporations, which account for 75% of business capital spending, are making plans to expand less rapidly than they did a year earlier...
Stocks v. Bonds. Money is costlier to borrow now than it has ever been since the Depression, and the effects of that phenomenon on the market are tremendous. A promising market rally last week fell flat after Morgan Guaranty President Thomas Gates announced a boost in the prime rate to an alltime high of 5½% . That announcement hit at 2:15 p.m. on Thursday, March 10, and by closing time at 3:30 the New York Stock Exchange floor was still a scene of frantic selling activity. Within little more than an hour after Morgan Guaranty's pattern...
...Costlier Mortgages. The Johnson Administration has nearly achieved its goal of full employment, but is baffled by the new set of problems that it has brought. Now that unemployment has edged below 4%, Labor Secretary Willard Wirtz warned last week that the U.S. "is about to face a quite serious manpower problem." That has its good side: Negroes now find it much easier to land production-line jobs in the South, and unemployment has ceased to be the headache it was for all kinds of workers just a few months ago in Los Angeles, Seattle and Boston...
...decline of their Empire. The ominous signs have been obvious for a long time-the bad luck of the Comet, the financial losses of the Britannia, and now the lack of a market for the long-range, rear-engined VC 10. Though popular with passengers, the VC 10 is costlier to operate than the competitive Boeing 707 and Douglas DC-8, and Britain has failed so far to sell a single one of them outside the Commonwealth...
...Bidding for big contracts became so costly that companies began to specialize instead of lunging after every bit of new business. Often aerospace firms must risk millions of their own dollars on up to eight years of research just to stay in the race to build fewer, but costlier weapons. "We've become more sophisticated, more efficient and more competitive," says Courtlandt Gross. "We've had to -to survive. Our competitors are very alert, very wise, very hard-working." Among Lockheed's top competitors: - Boeing last year surged to the top of the 1,250 U.S. aerospace...