Word: high
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Dates: during 1970-1979
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...cost of money and tighten credit much further, the cheering will increasingly be mixed with catcalls. House Majority Leader Jim Wright of Texas is already bitterly denouncing the Federal Reserve for "pouring gasoline on a fire in a misguided effort to put it out." He argues that high interest itself is a cause of inflation because it increases the cost of buying a new home or constructing a new plant. Builders Union President Robert Georgine warned that President Carter's pledge to his workers to "not fight inflation with your jobs" would be recalled, perhaps vengefully, by blue-collar...
...modest. In Chicago, the Baird & Warner real estate firm reckons that October condo sales were 6% ahead of the same month last year, but prices have eased from an average of $93,000 in 1978 to about $85,000 today. In New York City, both demand and prices remain high, and luxury four-room apartments are selling for an average of $ 160,000, vs. $ 100,000 a year...
According to the book, high managers were directed from above to give contributions to the company's political campaign fund in assigned amounts up to $3,000. The checks were made out to cash. Ranking executives made every effort to have their meal checks and other expenses picked up by obsequious subordinates so that if shareholders' inquired at the annual meeting, the brass could boast of modest expense accounts. Spying on a competitor was not unknown...
...sale on the spot market. Meanwhile, Saudi Arabia was hinting strongly that early next year it will cut as much as 1 million bbl. a day from its production of 9.5 million bbl., and Kuwait and Nigeria were also considering reductions. These moves will keep supplies scarce and prices high...
...calls a "three-legged stool" of small cars, Jeeps and steady Government contracts for postal vehicles and military tactical trucks. Since 1974, AMC's line-up of cars has shrunk from six to three: Concord, Spirit and Pacer. While analysts say that they are not making money, the high-profit Jeep continues to rake it in. There was some sales softness earlier in the year because of its fuel thirst, but the Jeep rebounded strongly in September and October...