Word: demand
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Dates: during 1960-1969
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...undoubtedly the most costly ever. For more than five months, 60,000 copper workers have been idled by a strike of 26 unions, led by the United Steelworkers. All of the industry's Big Four-Kenhecott, Anaconda, American Smelting & Refining and Phelps Dodge-are affected. The unions demand hourly wage increases totaling 990 by their calculation and industry-wide bargaining; the companies have offered about 500 and have insisted on maintaining the same plant-by-plant bargaining system that copper men have always used. Last week, in a desperate effort to break the impasse that has nearly wiped...
Ironically, Mercedes has also been getting a lot of speed from its go-slow policy of production, which has never quite matched demand. A big item in its current surge is its Model 250 sedans, which boast 2.5 liter engines and price tags of $4,000 and up. Introduced in early 1966, the popular 250 drew a two-year order backlog. That has kept production humming while competitors like Volkswagen have been forced to cut back...
While 1967 retail sales are expected to wind up 4% ahead of last year's level- at a record $314 billion- a sizable chunk of that increase reflects inflationary rises in retail prices rather than growing consumer demand. The effects of inflation-are also disturbingly apparent in the burgeoning costs confronting merchants for labor, promotion and goods. Because of the cost squeeze, retailers may well have trouble maintaining profits unless there is a substantial increase in their sales volume...
...industry continues to count on a sharp rise on 1968 sales charts. One automaker, Henry Ford II, last week predicted that next year's car and truck sales will be up by 900,000, matching 1965's record sales of 9,300,000. Even if a demand-dampening tax increase is enacted, said Ford's chairman, "I think we are going to have a very good year...
...measure would enable the pool to identify-and cope with-abnormally heavy speculators. > Formalize the pool by giving it a formidable gold stock of its own for the first time. Until now each member nation has been billed monthly for gold that has been sold to meet speculative market demand. The new scheme might involve a "bankbook" arrangement under which members would deposit large amounts of gold with the pool-while continuing to count such gold in their own reserves...