Word: fattener
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...Grayson's commission has moderated pricing policies in three basic industries: autos, steel and coal. The commission's basic rule is that prices may be increased only to reflect added costs, minus any gains in workers' productivity-and then only if the price boosts do not fatten profit margins. Grayson has been flexible in applying this standard. Last week he allowed U.S. Steel an average price increase of 3.6%, in return for a promise that the company would not try to raise prices again before Aug. 1. (Last week U.S. Steel raised some prices 7.7%, but said...
...rules until it knew what wage increases would be permitted in Phase II. At almost the last moment, the commission decided to let prices rise only enough to reflect actual increases in costs, minus any rises in workers' productivity-and then only if the price hikes do not fatten company profit margins. Some economists think that this tough-sounding rule will prove to be an administrative nightmare. Alan Greenspan, a member of TIME'S Board of Economists, fears that many firms that maintain only hazy running measures of their productivity and profit margins will have little idea when...
Even worse are the problems posed by hidden contaminants in meat. Stuffed with chemicals that make them fatten fast, animals end their lives in overpacked feed lots. Four chickens, for example, are jammed into a 12-in. by 18-in. cage. Since overcrowding promotes stress and enhances the spread of disease, the lot operators pour tranquilizers and antibiotics into feed troughs...
...consequence is that farmers like Walters have adopted some basic corporate principles: efficiency and diversification. This year the Walters will use their own and additional rented land to plant 1,000 acres of corn, 400 of soybeans and the remainder in hay and oats. Over the year they will fatten 800 cows and 1,500 hogs for market. Says Dick Walters: "If one thing fails, you have an opportunity to balance out your loss." Walters' crop mix is typical. He usually grows corn on a particular field for two years, then switches to soybeans for a year. Gone...
...issue in the House was an effort by liberal Democrats to fatten President Nixon's school-aid requests for the 1971-72 academic year by $728.6 million. Such moves have worked twice since 1969; last year Congress overrode a presidential veto, thus giving Nixon a Scrooge image. But last week's attempt lost by five votes. The defeat underscored rising public skepticism toward the idea that more money guarantees better schools. Last week Nixon himself reflected that mood in his message to Congress on 1972-73 federal aid to elementary and secondary schools...