Word: fivefold
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...growth. Inflation rates doubled in many Western European nations: to 16% in France and Belgium, 18% in Britain, 25% in Italy. To meet its trade deficit, Italy has borrowed more than $13 billion, incurring interest payments of nearly $1 billion a year. Prime Minister Harold Wilson says that the fivefold increase in oil prices aggravated Britain's worst economic crisis since the 1930s, and is severely testing the country's social and political fabric. Only West Germany, The Netherlands and Belgium ran trade surpluses...
...price drop would lighten the burden on the oil-importing nations, which this year face the prospect of spending $ 100 billion for foreign petroleum, a fivefold jump since 1972. But as Saudi Oil Minister Sheik Ahmed Zaki Yamani stressed, compassion had little to do with the Saudi drive to lower prices. The Saudis, he said, want to avoid a "worldwide recession because that will hurt us," and to prevent rising unemployment and inflation from strengthening "the leftists in the major industrial nations." Moreover, Yamani warned, economic weaknesses in the West could shift the balance of power in favor...
...Italian subsidiary of Worthington Pump International Inc., the world's largest pump company, Paolo A. Gamboni acquired an asset that continues to elude most Italian business men: he won credibility with labor. While other firms were crippled by strikes or outsize contract settlements, Worthington Italiana multiplied its sales fivefold in the past ten years. In 1970 Gamboni was also put in charge of Worthington companies in five other European countries, and last month he was elected president of Worthington Pump International itself-a subsidiary of Studebaker-Worthington Inc. -which operates in 14 countries and expects to have 1974 sales...
...wages and build hospitals, clinics and schools. He passed laws granting severance pay to discharged workers and extending social security; he also instituted the eight-hour day for farm laborers. Perón nationalized the British-owned Argentine railroads, retired the entire foreign debt, and by 1947 boasted a fivefold increase in industrial production during his regime. Fraudulent bookkeeping concealed the fact that his spending programs had driven Argentina to the verge of bankruptcy...
President Nixon appeared on the last day and told the delegates that he plans to increase the budget for the Administration on Aging "nearly fivefold," bringing the sum to $100 million by 1973. He also promised that he would immediately begin to work on means of relief for elderly homeowners burdened by increasing property taxes. Delegates had earlier been disappointed when high-ranking Administration officials failed to deal with what old-age programs need most: an immediate, fresh infusion of federal money. They were pleased with Nixon's promises...