Word: facing
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Dates: during 1960-1969
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...Government will not allow the economy to resume its rapid rate of growth. Instead of annual increases in spending of 8%-10%, the growth will be held down, McCracken said, and "this difference should be kept firmly in mind." Labor Secretary Shultz said that the businessmen would have to face union demands without Government help, even in the case of utility or transport strikes. "We place our reliance on the free economy," he said, "so that our resolve will be tested." Nixon himself closed the meeting with a speech that asked business to "meet its responsibilities to make America...
...wrath of Congress." The prime rate is an increasingly unreliable guide to borrowing costs anyway. Growing numbers of borrowers pay as much as 10.6% interest on loans officially made at the prime rate, because banks are strictly enforcing a rule that the borrower must leave 20% of the face amount of his loan on deposit as a "compensating balance...
...this turmoil indicates that the Administration is beginning to face an economic credibility problem, though not of the sort that it has been talking about. Nixon men have said that they are having trouble convincing business, labor and consumers that the Government will stick to its prescribed anti-inflation policy long enough to cut the rate of price increases substantially...
...fissionable and relatively cheap to use. Almost all of the Western world's enriched uranium is produced in gaseous-diffusion plants owned by the U.S. Atomic Energy Commission. For a time, at least, France would become dependent on U.S. fuel. The government announcement angered French atomic workers, who face the loss of 2,600 jobs because of cutbacks. Last week almost all of the 31,000 atomic workers went on strike in protest...
...cozy with insurers. In the wake of the storm, the commission hastily approved a 50% rate increase along the Gulf. Last week public outcry and political pressure prompted the commission to postpone the rate rise until after it holds another hearing. Considering the $135 million in storm losses they face, insurance companies may be justified in raising their rates. The delays in claim settlements, however, have left a bitter residue of ill will among countless citizens of Mississippi and Louisiana...