Word: costly
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Dates: during 1960-1969
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...other division, Freedom Foods, operates two supermarkets in the black community employing approximately 125 workers. The company purchased the two markets from Purity-Supreme and buys central management services at cost from the Purity chain. The stores sell goods at competitive supermarket prices about equivalent to Purity's, the price leader in the area. (Williams said some variance exists because of ethnic prefences--"For instance, lamb does not do well in this community, so we sell it at a lower price...
...center, which would have cost an estimated 4.5 million dollars, was to have included almost all of the University's computing facilities. Computing services are presently housed in five buildings in Cambridge and Boston...
...even more welcome to Americans, who have seen inflation ravenously and relentlessly eat into their real income. Inflation is reflected in price rises that reached an annual rate of 4.7% in December. It is particularly burdensome for the poor, who are least able to adjust to the ever higher cost of goods and services. By making U.S. products costlier and less competitive on world markets, it has also hurt the nation's bal ance of payments. Inflation's grip is so tenacious that it will undoubtedly take all of the Government's weapons and will to curtail...
...fixed-yield bonds and into stocks, which are a better hedge against inflation partly because buyers think that they are. Inflation has contributed to both the stock market overspeculation and Wall Street's glut of back-office paperwork. * Because of rampant inflation, unions increasingly demand unlimited cost-of-living wage increases instead of limited boosts. Complains Paul Carmichael, a Pittsburgh electrical workers' official: "The ink is hardly dry on labor contracts these days before price increases make them obsolete...
...nation's biggest city, the only thing higher than the buildings is the cost of renting a few square feet of space in them. When leases expire these days on apartments not subject to rent controls, landlords throughout New York City are demanding rent increases averaging 26.5%. In Manhattan, rents have been rising an average of 31%, and "horror case" increases of 60% are not unheard of. On top of the boosts, many leases now provide for "automatic" raises of 5% or more a year and further hikes whenever real estate taxes rise. Some landlords offer only two-year...