Word: costs
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Dates: during 1970-1979
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...Hospital Costs. Carter has proposed limiting increases in hospital costs to 9% a year. They soared last year by almost 16%, a pace that has slowed a bit this year, to an average increase of 12.7%, a decrease helped in part by the threat of cost-curbing legislation. In a surprise move, Illinois Democrat Marty Russo defected from the Carter camp, enabling the House Interstate and Foreign Commerce Committee to vote 22 to 21 against mandatory hospital cost controls. Instead, the committee endorsed voluntary efforts by hospitals to cut costs. The panel also approved a national commission-with no enforcement...
...downpours have hurt the farmers, who raise vegetables ranging from artichokes to zucchini, in California's Central Valley. To survive the drought, farmers deepened existing wells or drilled new ones at a cost of $340 million. The rains partly replenished the valley's water table, but also flooded the fields. As a result, planting of strawberries, tomatoes and lettuce was delayed. Then, when the lettuce seeds were finally in the ground, many of them were washed away by subsequent downpours. The price of lettuce on the East Coast rose to a staggering $1 and even more per head...
...contract provided scheduled wage rises of about 10% over three years, 10% more in cost-of-living increases, and pushed the average pay of postal workers to a level of $7.58 an hour, vs. $5.62 for private nonfarm workers...
...deal will hold automatic wage increases to about the same level as under the old contract, but will tighten up considerably on cost-of-living payments, which are made automatically every six months as inflation goes up. Though consumer prices are rising at an alarming 11.4%, Administration officials are hopeful that the rate of increase wi now begin to ease as food prices start to decline, and that inflation will average 7% for the year as a whole. If so, the postal workers should get no more than 6.5% in total pay increases during the contract's first year...
Sometimes the idea is just to salvage a going concern. Notes Bill Buchholz, who runs flea markets billed as "swap meets" at his Miami drive-in theater: "The quality of the movies is so poor and the cost of getting them so high, I'd go right out of business without the swap meets." Quite a few flea markets are still fleabags, but the institution has taken on enough respectability that the U.S. Economic Development Administration has funded Washington, D.C.'s first permanent flea market...