Word: digitals
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...would be about time. The industry is still feeling the effects of the energy crisis and the nation's bout with recession and double-digit inflation, which cut deeply into Americans' buying power−and Detroit's sales. So far this year, in fact, sales of domestic cars have been even softer than they were in 1974. Last year U.S. automakers sold 7.4 million cars, down 24% from 1973's record 9.7 million; this year the total may well slip under 7 million for the first time since 1962. Yet imports have been able to expand...
...headed for another prolonged struggle with double-digit inflation? So it seemed last month when the Government announced that consumer prices had surged ahead at a compounded annual rate of 15.4% in July. But the latest signs are inconclusive, if by no means reassuring. The Labor Department reported last week that wholesale prices−which usually foreshadow consumer price movements by several months−;rose by "only" 0.8% in August, after a big 1.2% jump in July. The August increase, which translates into a 9.6% annual rate, was held down mainly by a drop in prices for farm products...
...cost of money is rising mainly because other prices are moving up smartly. Alarmed by the 1.2% jump in consumer prices in July, which translates into a compound annual rate of 15.4%, commercial banks and other lenders are protecting themselves against the possibility of continued double-digit inflation by charging more for their money-especially on some long-term loans. Rates on four-year Treasury bills are now two percentage points higher than three-month rates-an unusually wide spread that plainly signals an upsurge in inflationary expectations in the money markets...
When it comes to fluctuating prices in the current renewed surge of double-digit inflation, those for postage stamps are no exception. Uncertain as to just what the rate for first-class letter mail will be by Christmas, the U.S. Postal Service is printing 1.5 billion 1975 Christmas stamps that come in two designs but have one common distinction: no postage is indicated on them. Last week, however, it became almost certain that Americans will be paying more for first-class postage, if not by Christmas then soon thereafter. A new series of recommendations by the Postal Rate Commission could...
...inflation rate will subside soon-perhaps to 6% or 7%, which, to be sure, would still be distressingly high. Last week in Vail, Colo., President Ford's chief economic adviser, Alan Greenspan, said of the CPI for August: "We do expect it to be below the double digit rate." The Department of Agriculture called a special press briefing at which officials reassuringly predicted that the retail cost of food will rise no more for the rest of the year than it did in July alone. Their reasoning: most meat and poultry prices appear to have peaked, and some have...