Word: earn
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Dates: during 1970-1979
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Given Chile's hopelessly snarled economic problems, Bonilla's solution sounded a bit too simple. The fact is that Chilean workers who now earn around $30 a month, will need substantial pay boosts in order to offset inflation, which, at 300% a year, is the highest rate in the world. If they are granted such huge wage increases, the inflationary trend will continue soaring, wiping out their gains. They are ensnared in an economic Catch...
Some banks are luring deposits by offering CDs with variable rates that could go higher still. First National City in New York, for example, came out with a plan under which $1,000 deposited for four years will earn interest each quarter at a rate of a half-point below what the bank had to pay the previous quarter to attract $100,000 CDs. The rate this quarter is 8.11%; it can go either up or down from there, but never below the 5% passbook rate. Philadelphia's First Pennsylvania Banking and Trust Co. offers an "inflation-proof...
...views in pithy asides, and several times was overheard referring to islanders as niggers. "He loved dogs more than humans," a Jamaican official said, recalling that for the return of one of his lost pets (a mongrel dog) the ambassador once offered $500, which is more than many Jamaicans earn in a year. De Roulet rattled Jamaicans even more by telling a Rotary Club lunch gathering that the visa section of his embassy had no rest rooms because "Jamaicans take pleasure in flooding our toilets...
...goodwill can support the farm workers in their non-violent resistance to the Neanderthallic conditions imposed on them by the Grower-Teamster consortium, by 1) Boycott table grapes, starting now! 2) Contribute money to help feed the workers who now will miss the few months when they can earn any wages. The money you send will be used for basics: food, clothing, medicine. Their need is staggering. 3) Continue to boycott iceberg lettuce and A & P Stores...
...holding down prices for processed foods while permitting the cost of raw farm produce to rise, the freeze has laid the groundwork for shortages later this year. Faced with soaring prices for feed, farmers killed baby chicks, sows and milk cows. Unable to earn a profit, meatpackers closed down, and food processors slowed production. Beef production could drop 2% this year; earlier it had been expected to rise 3.5%. Pork production is likely to dip by 3%, and output of broiler chickens is running 1.5% behind last year's pace. Says Don Paarlberg, chief economist of the Agriculture Department...