Word: higher
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Dates: during 1970-1979
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...Louis last week and resolved to try to organize a four-day shutdown, from Thursday through Sunday, in protest against federal price controls. Though the retail price of gasoline has risen 20% in the past few months, almost all of that has represented a simple pass-along of higher wholesale prices. Dealers have been permitted only two small increases in the gross margin of selling price over buying cost since 1973, and out of that they have to pay more for wages, rent, heat. It is too early to tell how widely the shutdown will be observed, but in some...
...billion deficit. The House lopped $2 billion from defense, eliminated the President's proposed $2.5 billion real-wage insurance and $2.3 billion in revenue sharing, and added some funds to social spending. The result: spending of $532.7 billion. But by estimating revenues at $508 billion because of a higher projected G.N.P., the House claimed a lower deficit of $24.9 billion...
...moving companies from takeovers and protecting inept managers from being tossed out. Kennedy-Metzenbaum, remarked Rohatyn, "could be called the Large and Inefficient Business Protection Bill." The way to reduce conglomerate mergers, he added, is to improve economic policy. Bringing down inflation would lead to lower interest rates and higher stock prices. Companies then would no longer have the opportunity to buy out firms at fire-sale prices. Meanwhile, corporations would have more incentive to expand on their own by investing in new plants and machines. The combination of those factors, said Rohatyn, would reduce the number of mergers...
...that the inflation rate could be held to 7.4%. Now one Administration member has dared to discuss reality out loud. Testifying before the Senate appropriations subcommittee, Treasury Secretary Michael Blumenthal said that the rate of price rises in 1979 will be "at least 8% to 8.5%" and maybe "slightly higher...
...with figures of the "Enlightened One," and hundreds of effigies were made for temples. These Buddhas gradually took on a distinctly Korean look. More naturalistic, more linear and more attenuated than the Chinese models, they also began to reflect the features of their creators: faces grew rounder and cheekbones higher. Head bent in contemplation, a bronze Maitreya (a young Buddha) possesses a native spontaneity and grace. Similar figures later appeared in Japan, establishing Korea as the transmitter of Buddhist thought from the mainland...