Word: higher
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Dates: during 1950-1959
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...from others, the committee heard about many deals in which fat windfall profits were made, and apartment rents, based on watered-up values, were higher than they should have been. The scandals harked back to the Democratic Administration, since they were made possible by the National Housing Act's Section 608, repealed four years ago. When Democratic Senator Harry Byrd began investigating the deals, the Republicans brought them out in the open by firing Federal Housing Commissioner Guy T. O. Hollyday (TIME, April 26). Section 608 provided that the Government would insure mortgages up to 90% of the building...
PORK PRICES will probably drop more than seasonally this fall. The spring pig crop is estimated at 56 million head, 13% above a year ago, and the autumn crop 10% higher than...
Three big watchmakers-Hamilton, Elgin and Waltham-set off an alarm in Washington last week over tariffs. Before a Senate Armed Services subcommittee, they testified that higher tariffs for watches are vital to national defense. The alarm was well timed. It came as word leaked out that the U.S. Tariff Commission, by a 4-2 vote, has recommended to President Eisenhower that tariffs on all Swiss watches and movements be raised about 50%,* thus putting the squeeze on imports of Swiss movements...
...make a decision, last week gave a clue to his intentions. He overruled a Tariff Commission recommendation that he raise the tariff and set quotas on groundfish fillets (cod, flounder, etc.), now being used in the fast-growing new product, fish sticks (TIME, May 17). Said Eisenhower: higher tariffs and quotas "would hamper and limit the development of the market." But if Ike overrules the commission on watches, the Administration may decide to give the watchmakers more defense orders to make up for their lost watch business...
Actually, the auto industry's troubles, while bad, are not as bad as they sound. Auto production for the first six months was 2,958,000 cars, only 298,000 under 1953. Sales are down approximately 150,000. But dealers' unsold stocks are now 44% higher than a year ago. Panicky dealers, resorting to suicidal sales gimmicks and price-cutting dodges, have let selling costs get out of control. Result: dealer profits have hit bottom at .8% of sales, compared...