Word: higher
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Dates: during 1970-1979
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...areas-New England, around Chicago, parts of the Southeast-atomic plants supply about half of all electricity. Shutting them would lead to blackouts and brownouts that would gravely threaten public health and safety. Electricity bills would soar, cruelly pinching low-income homeowners, as utilities were compelled to turn to higher-cost sources of energy. Some power companies would be forced to buy still more foreign oil at prices of up to $20 a barrel, fanning inflation, weakening the dollar and tying the U.S. energy future yet more tightly to the explosive politics of the Middle East. M.I.T. Physicist Henry Kendall...
...prices are also failing. Many businessmen feel that some form of mandatory wage-price controls is inevitable, despite repeated protestations by the President, his chief inflation fighter Alfred Kahn and other Administration officials that no such move is contemplated. Thus corporations are pushing up prices earlier and higher than they ordinarily would as a hedge against being caught by controls "with their prices down." As a result, says COWPS Director Barry Bosworth, the Administration is tightening up on its price standards, which are becoming less and less voluntary...
...this could presage the mild recession that is widely expected later this year. If the guidelines fail before the decline in production begins, the only practical, short-term alternative would be an ever tougher monetary policy and higher interest rates. Money supply is already relatively tight, and interest rates are expected to go on rising into June. A continuation of this trend could lead to a recession deeper and more painful than anyone wants...
...Gray Panthers, a group of aged activists, have been lobbying long and hard for higher interest for small savers, and have publicized their campaign through buttons and bumper stickers bearing their wry slogan: "Savings may be hazardous to your wealth." They have a point. Just to keep even with double-digit erosion, the head of a family of four who earns taxable income of $20,000 would have to be paid interest of 11.25% on his passbook savings, or more than twice the current rate...
...than triple the number in 1966. One out of nine college students in the U.S. is black, double the level in 1966 and nearly the same as the proportion of blacks in the U.S. population as a whole. In families with incomes from $10,000 to $15,000, a higher percentage of blacks (21%) goes to college nowadays than whites...