Word: demand
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Dates: during 1960-1969
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...decline in which the city's expanding complex of emergency-treatment centers was a major factor. Grady Memorial Hospital, which opened a crisis center in 1968, now treats 5,000 psychiatric emergencies a year. The hospital's 36-bed mental ward, which previously was inadequate to the demand, is seldom full today...
Earnings this year have been assaulted by the 10% tax surcharge-an essentially Keynesian measure designed to retard demand and inflation as well as by the rising costs of labor, money and materials. Even so, profits generally reached new peaks in the first quarter. The Wall Street Journal, in a survey of 519 firms, found a 7.8% increase in aftertax profits-just about the same as in the last quarter...
...supply is tight primarily because unemployment now runs at a low 3.4%. One inflationary consequence is that labor can demand-and get-some fancy rewards. Last week the Labor Department reported that in major contracts negotiated during this year's first quarter, unions got wage-and-fringe increases that averaged 6.3% annually...
...Government's liberal rules for admitting immigrants who have needed skills. Faced with a dearth of pipe fitters and carpenters, Pittsburgh's Dravo Corp. has been importing European employees through Canada. Kaynar Manufacturing Co. of Fullerton, Calif., is seeking to bring in Japanese workers to meet its demand for machine-tool operators. New York City social-service agencies have begun referring welfare recipients to taxi companies, whose shortage of 2,500 drivers has aggravated the chronic scarcity of cabs on city streets. Brokerage houses offer as much as $20,000 for senior clerks to help cope with Wall...
...less exultant over another statistic, however. Type 1, first manufactured in 1945, has already exceeded by five years the 19-year production span of Henry Ford's Model T-the Tin Lizzie that old Henry kept on too long, until it nearly carried him to ruin. Demand for the beetle remains strong, but VW fears getting stuck with a museum piece. Its solution: to become a German General Motors, offering a wide variety of models for different tastes and budgets...