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...high of $12.90 reached during a shortage in 1973. As a result, the Department of Agriculture now estimates that food prices will rise between 3% and 5% this year, but those estimates may prove optimistic. John McMillin, an analyst for the investment firm Prudential-Bache, foresees a possible double-digit increase in food prices during...
...face as he tries to cope with economic stagnation. During his first week as party General Secretary, Grosz vigorously repeated his support for the market-directed policies he insists are necessary to revive the Hungarian economy, which is weighted down by an $18 billion gross foreign debt and double-digit inflation. But Grosz warned Hungarians not to expect too much too soon. "Many think reform will change everything," he told a Budapest daily. "It is only work that will change our situation...
...poverty among the elderly through two programs that helped rich and poor alike. Congress created Medicare insurance in 1965. In 1972 it voted a 20% increase in Social Security benefits and linked them to the Consumer Price Index in an attempt to safeguard retirees from the double- digit inflation that was devastating young families. In 1980 alone, payments increased a record 14.3%. Now each month 91% of those 65 and over receive benefits totaling $13.6 billion. The percentage of elderly people living below the poverty line has been cut from...
...comes on the heels of a survey showing Dole with a double-digit lead over Bush in a poll published by the Des Moines Register, while indicating Missouri Rep. Richard Gephardt led Illinois Sen. Paul Simon and Dukakis among the Democrats...
These increases have stunned benefits managers, who believed health costs were finally starting to moderate. After all, medical care inflation, which was running at double-digit levels in the early 1980s, was just 5.8% last year. That was not much more than the 4.4% rise in the Consumer Price Index...