Word: higher
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Dates: during 1950-1959
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...nations, its history has a higher proportion of greatness than of baseness; of all peoples its motives are the least suspect. Its errors have been, and are, many. Its instincts have been, and are, magnificently right. We see the small debits from day to day. Let us look rather at the huge credit through the years. Amidst all the dangers that beset us, we can be thankful that it is to this dynamic, humorous, impatient, impulsive, generous people there has passed the leadership of the world...
...unhappy victim of the Federal Reserve's "tight money" policy has been the housebuilding industry. The banks, with more borrowers than money available, have looked down their noses at Government-backed mortgage loans with their relatively low (4½%) yields in favor of higher returns in other fields. Result: a drop in new housing starts from 1,329,000 in 1955 to the current rate of 1,100,000 a year. Last week, to sweeten up such loans for the bankers-and thus make more funds available to home builders-the Government raised the interest rate...
...Labor Statistics reported last week, the Consumer Price Index (1947-49: 100) jumped 0.5% to hit an all time high of 117.7. The rise, the seventh in eight months, meant that the cost of living is now 2.4% dearer than a year ago. Main reason for the October jump: higher price tags on the new cars...
...increasingly expensive, it hoped to restrain excessive business investment. But the new cost-of-living rise seemed to defy such measures. Reason: at the root of the rise are the succeeding wage increases won by union members in the past year-increases which have not been compensated for by higher productivity, but which have resulted in higher manufacturer prices (up 7% since mid-1955). The prospect ahead: more of the same...
Tayler attributes the fast start of this year's program to what he calls "increased spirit in the Yard." This showed itself again in the November cross-country meet when 121 freshmen--more than 10 per cent of the class--competed in the race. The figure was 50 higher than the previous record...