Word: costs
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Dates: during 1970-1979
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...because companies raise prices to pass along the boost. This year's increase may add half a point to the U.S. inflation rate; the bigger rise in 1981 will push prices up much more. Some bosses may also choose to hire fewer workers because the tax raises the cost of each employee. So the increases probably will aggravate unemployment as well as inflation...
...officials is a feasibility study by a subsidiary of New Hampshire's Wheelabrator-Frye Inc. to build a wood-fueled electricity-and steam-generating plant in New England that would produce 30 megawatts, or enough to supply all the electricity and heating for a community of 30,000. Cost: $50 million to $55 million...
More than 150 New England industrial firms have already gone over to wood power. The Burlington, Vt., municipal electric department is one of the converts. The changeover, which involved refitting one of the plant's three coal-fired boilers, was made 18 months ago at a cost of only $25,000. The expense was negligible because most of the work was handled by the plant's engineers in their spare time. Explains General Manager Robert Young: "I have friends at IBM who say that for $25,000 they'd probably still be hiring consultants. Well...
...bonds will continue to be sold through Dec. 31, 1979, after which they will be replaced by a costlier series that will pay the same 6% but have a much longer maturity. The old issue sold for $18.75 and paid $25 in five years; the new one will cost $25 but pay off $50 in eleven years and nine months...
...kids who brought in their pennies and workers who had money deducted from each paycheck. Sales held steady over the years, even though inflation made the bonds a bad investment. But the expense of processing them went up so much that it did not pay to issue them. "The cost is the same whether the bond is $25 or $100," says a Treasury official, who estimates that eliminating the old $25 standby, plus some other changes, will slice $20 million off administrative costs...