Word: digit
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Dates: during 1970-1979
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...measure, at least, double-digit inflation is back. As Jimmy Carter and his economic aides were busily polishing the much trumpeted anti-inflation program he plans to announce this week, the Labor Department reported that the Wholesale Price Index rose 1.1% in March, the biggest jump since the bleak old days of October 1975. That translated into an annual rate of 14%, and was the second straight month of double-digit rise. Just this sort of news, and fear of more, has sent the stock market tumbling 8.5% so far this year. It continued to slide last week, although...
...biggest fear holding down investment is of a renewal of inflation to double-digit levels. Once a prod to "buy now before the price goes up," inflation has become a brake on capital spending. Says M. Kathryn Eickhoff, vice president of Townsend-Greenspan & Co., Manhattan economic consultants: "An inflationary environment makes calculating rates of return on new investment difficult, even though profits as a whole are likely to rise as inflation advances...
...investors also worry about the back-to-back budget deficits (totaling $125 billion this year and in fiscal 1978) that President Carter has estimated as one result of his program to stimulate the economy. Irwin L. Kellner, vice president of Manufacturers Hanover Trust, fears a return to consistent double-digit inflation before the end of 1978; Albert H. Cox Jr., president of Merrill Lynch Economics Inc., sees a 40% chance of inflation reaching about that speed late...
...decade of extremely high inflation, could jump to as much as $300,000. (The higher the dollar value of a company's plant and equipment, the greater the amount charged against its assets to provide for depreciation and thus the lower its reported profits.) In Britain, where double-digit inflation has prevailed since 1973, replacement-cost accounting will be required by 1978; by one estimate, conversion to the system will reduce the reported pretax profits of companies there by an average of 45%. In the U.S., where inflation in recent years has never exceeded 12% for any length...
...says some 13,000 pets are put to death in the U.S. each day because their owners cannot afford vet bills. Murray, who started the San Francisco program last October, hopes to extend his coverage nationwide. To ensure the program against ripoffs, pets entitled to benefits get a ten-digit number tattooed...