Word: excessive
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...program was having on the economy. The New York Stock Exchange's Dow Jones industrial average, which had soared to a high of 908.37 the previous week, started the week lower as Wall Street investors consolidated their gains and began to digest the possibility of an excess-profits tax; but it ended strongly at 912.75. The wholesale cost of food, industrial raw materials and manufactured goods rose .3% during the month -a seasonally adjusted rate of 8.4%, the fastest rate of increase in six months. But the increase is largely calculated from price surveys made before the freeze...
...President, however, let it be known that he still opposes an excess-profits tax and then resumed campaigning in support of his measures. Returning from a 15-day stay at the Western White House, Nixon stopped off in Chicago to speak to the milk producers association and promised that his policy would usher in "a New Prosperity" -"without inflation and without...
...passage from Houston to the Gulf-and in Galveston Bay that the Environmental Protection Agency openly attacked the Texas Water Quality Board last June. In a 200-page report, the EPA charged that oil and hydrocarbon residues, fecal matter and toxic metals in those waters are all grossly in excess of natural background levels...
...largely because of a slowdown in capital spending and a rise in interest rates, Japanese steelmen would suddenly encounter rough weather. In January, they revised their forecasts: no increase in production for either fiscal 1971 or 1972. Almost immediately, the shipping companies were left with millions of tons of excess ships that they had chartered, and freight rates plummeted. To cut their losses, companies offered to recharter their vessels to other shipping firms at bargain-basement prices. One company in a large Japanese commercial group, for example, chartered a 54,000-ton bulk carrier late...
...Jesuit in another time. He has a perfect logical mind and an unbending sense of morality." Ellsberg was for a time one of those faceless bureaucrats who sit at the fulcrum of decision making and are privy to the most guarded information. Yet he has a marked capacity for excess. One friend says that his reversal from a pro-war to an unequivocal antiwar position is completely in character. "That's the kind of guy Dan is. He's sensitive and passionate, as well as being immensely intelligent. When he was a hawk, he wanted to be up along...