Word: demands
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Dates: during 1950-1959
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Assembly Career. From 1949 on, he served in eight governments, usually as Finance or Budget Minister. In 1952 he became, at 43, France's youngest Premier since 1893, but he lasted only 40 days, falling on a courageous demand for a 15% increase in taxes. "If you refuse your confidence," he told the Deputies, "you will be favoring inflation, which is the highest and unfairest kind of tax." An off-again-on-again friend of European unity in the past, he voted for the Paris accords, believes in East-West trade...
More Cars for Less Wheat. Of late, the terms of trade have changed to Britain's detriment. A bad harvest in Europe sent the demand for foodstuffs soaring; commodity prices rose, and last January Britain found itself paying 149% more a month for its imports of live animals for food, 145% more for animal feed. "In the last three months," said the London Economist, "[the] adverse movement in the terms of trade has cut Britain's annual rate of real income by ?100 million...
...British people, meanwhile, were celebrating their deliverance from austerity by indulging in a spending spree that resulted in manufacturers selling goods at home that could have been sold abroad. At the same time, the Tory government added to domestic demand by announcing a whole series of long-term development projects: hundreds of millions of dollars for the coal mines, $3.4 billion for the railroads, $420 million for highways, $840 million for nuclear power stations-in addition to Britain's rearmament program of $4.3 billion a year. Eventually, the Tory projects will pay off in increased productivity. But coming...
What encouraged steelmen most was the fact that demand from other industries was still growing. Railroad carbuilding was picking up, with a corresponding upswing in orders for steel bars and plate. The booming construction industry was putting the pressure on producers of galvanized sheets, while appliance makers, striving to furnish the nation's new houses, were ordering enameling sheets for delivery months in the future. To stock the kitchen shelves, the canning industry boosted its orders for tin plate, with the seasonal high still to come...
...PRICES are going up again for the third time since November. B.F. Goodrich has just boosted all passenger and truck tire prices another 2½% to 5%, and the other big producers will probably soon follow suit, thus making the total price rise 15% since last fall. Reason: heavy demand, which has sent natural rubber prices up from 27⅝? to 35? a Ib. since...