Word: economices
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Dates: during 1960-1969
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White House economists nevertheless maintain that the economy is performing close to their expectations. They contend that it normally takes about six months before monetary and fiscal measures begin to affect prices. "We must recognize the narrow social tolerances within which economic policy must operate," says Chairman Paul McCracken of...
Protection at Home. Only one in five Japanese families now owns an auto but rising consumer affluence, the result of Japan's sustained economic prosperity, is changing that. This year Japanese car makers have confidently scheduled a 21% increase in their output, to 5,100,000 vehicles. Like most...
Low Japanese labor costs still account for a substantial part of the price differential between Japan-made cars and American or German products. Auto workers in Japan are paid an average wage of 6? an hour, compared with $2.42 in West Germany and $5.30 in the U.S. Moreover, industrial output...
A main reason that Communism is breaking up, writes Djilas, is the advent of a new New Class. It consists of specialists-technicians, managers, teachers, artists-who are pressing for a freer, more flexible society. In time, Djilas is convinced, they will usher in a democratic society hardly distinguishable from...
As public support for the general PACE idea rose, Calkins rolled out some other specific plans in 1964 and 1965. At a panel discussion, for example, he suggested merging Cleveland's neighborhood high schools into a city-wide system in order to expose white children to "people of other races...