Word: evens
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Dates: during 1960-1969
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...transportation, medical and education costs. Between 1965 and 1967, the last year for which they calculated the poor price index, it rose 5.1%, compared with a 5.8% increase in the CPI. The Wisconsin researchers conclude that "the poor are not hurt by inflation"-but could be hurt badly by even a "slight" rise in unemployment resulting from a fight against inflation...
...their friend in employment terms." Some Government figures buttress the argument. For example, 800,000 of the 5,800,000 U.S. families that were officially defined as poor in 1966 had increased their incomes enough to rise above the poverty line last year. Their gains were achieved even though inflation had meanwhile pushed the poverty line up from $3,317 in annual family income in 1966 to $3,553 last year...
Hollister has lately conceded that inflation may help the white more than the black poor because it is harder for the latter to obtain jobs even in times of labor scarcity. He calculates that 61% annual rate of price increases, which the U.S. exceeded in some months of 1969, hurts poor whites as well...
...President offered no proposals intended to help the import-troubled U.S. textile industry. The omission was tactical. U.S. and Japanese negotiators are dickering in Geneva over voluntary quotas for Japanese mills. The U.S. has made it plain to Tokyo that a protectionist-minded Congress might well adopt even harsher measures unless Japan agrees to limit its textile exports...
...major supplier to the auto industry, Collins L. Carter, chairman of Hayes-Albion Corp., which makes castings and parts, has lowered his prediction of output from 8,700,000 vehicles to an even 8,000,000 for the 1970-model years. The auto companies themselves are officially holding to their forecasts, which are generally in line with G.M. President Edward Cole's estimate of 8,500,000 domestic cars. To reach that sales goal, automakers are counting on buyers returning to the showrooms next spring...