Word: demands
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Dates: during 1970-1979
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...Much demand is coming from Americans who apparently no longer trust their own currency. Says Gold Trader Joel Goodman of Perera Co. in Manhattan "The whole clientele has changed. I'm now selling to the little investor who wants to protect his savings from the effects of inflation. Money is coming out of bank accounts, stocks and even real estate and going into gold...
...rising demand has collided with a steadily dwindling supply, sending prices rocketing. Though nearly all the gold ever mined (some 80,000 tons) is still around, most of it is either locked away in vaults of central banks or stashed in private hoards. Buyers essentially must bid against each other to purchase newly mined gold-and production in South Africa, the leading mining nation, fell to 700 tons last year, 30% less than in 1970. Moreover, makers of jewelry and industrial products are expected to snap up about 70% of what new gold does become available this year, leaving still...
...system, to ride with the rough waves and hope to stay on the crest." That is a remarkable conclusion for a bear, but Deak explains that people will do all right if they have goods or services or skills to market, for those will always be in demand. The people who stand to suffer are the untrained and the unlettered, which is a most important reason that inflation must be crushed and severe crisis avoided...
...revamp their antediluvian production methods and eliminate wasteful staffing practices, but the craft unions, fearing job losses and declining membership, have always resisted. In March 1977, the Publishers Association, representing the three dailies, informed the pressmen that when the old contract expired on March 30, 1978, it intended to demand major changes in work rules. The papers hope to reduce through attrition the swollen crews and institute "room manning," a system that would employ only enough workers to run the presses efficiently. The goal is to bring the ratio of men to machines in the pressroom down to that...
...protracted strike like the 114-day walkout by the typesetters in 1962-63-which led to the demise of four New York papers-is unlikely, the parties are nowhere near a settlement. Said H.J. Kracke, chief bargainer for the publishers: "The union's response has been to demand even greater numbers of employees." One pressman summed up the union's determination to stand fast: "It's my work. It's for my family. I'd go to jail for it. I'd kill...