Word: costlier
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...Costlier Beer. The vast U.S. buildup has made the railroad of prime concern to the Saigon government and its allies-and a favorite target of the Viet Cong. Last year the Reds staged 811 incidents along the line's 690 miles of track, mostly mine explosions and sniping attacks that killed 126 Vietnamese. Today only 345 miles of track are usable, despite the fact that most trains carry three squat grey gun cars bristling with automatic weapons, and are often preceded by diesel-powered machine-gun-bearing armored cars called con rua, or "turtles," by the Vietnamese. But armored...
...nation's most ramshackle major industry-housing-had hoped to rebuild this year, but it appears that the roof is still caving in. Reason: mortgage credit has grown scarcer and costlier since the Federal Reserve Board's recent increase in the discount rate. The board's overall purpose was to prevent inflation. But, the predictable side effect on housing of its move was to inflate prices and discourage buyers in a $25 billion-a-year business that has been slumping since late 1963, despite unprecedented prosperity throughout the rest of the economy. "The general tightening in mortgage...
...major cause of the Federal Reserve Board's decision to boost its discount rate from 4% to 4½% , and a major reason why Lyndon Johnson reacted so mildly despite his disapproval. Last week the National Industrial Conference Board told the Congressional Joint Economic Committee that costlier money will bring only a tiny cutback in those plans. Among the 1,000 largest manufacturing companies, testified N.I.C.B. Senior Vice President Martin Gainsbrugh, none of the 644 replying to his survey after the discount rate hike expected to reduce plant expansion next year by as much as 5%; more than...
Further away from production (perhaps seven years) but potentially more important is Chevrolet's prototype of a turbine-powered truck, the Turbo Titan III. Its engine is lighter, quieter and longer-lasting (350,000 miles v. 250,000) than conventional diesels, but fuel bills are costlier. Among its many innovations: "dial steering" by which a driver guides his truck with two small wheels mounted on a panel in front of him, similar to the "wrist-twist" system now being tested by Mercury. Chrysler Corp. is field-testing turbine cars but is undecided whether to market them...
...billion gallons of gas, and the industry's sales of $20.3 billion ranked it behind only food stores, auto dealerships and department stores in retail volume. The growing interstate highway system, Detroit's booming auto production and the trend back to larger, more powerful cars (which use costlier gas) have increased gasoline sales another 3.6% so far this year. This summer, gas sales are pushing to alltime highs as more and more Americans-four out of every five of whom drive when they go on vacation-take to the family auto for their annual trip...