Word: highers
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Dates: during 1970-1979
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...election. Over the objections of other members of his Liberal Democratic Party (L.D.P.), he had called the vote eleven months earlier than he had to in hopes of increasing his strength in the Diet's 511-member lower house. But some frank talk by Ohira about higher taxes frightened voters, and the party's representation in the Diet slipped by one seat...
During the next five days, at least 100 protesters died as the new strongman used armor and fighter planes to crush a general strike called by the million-member Bolivian Central Labor Federation (COB). The death toll might have been higher had Natusch not stationed troops at the mines outside the capital to prevent militant workers from following their usual practice of heading for La Paz with satchels of dynamite whenever a coup takes place...
...1960s, when crude was selling for $2 a bbl., estimates were that oil from rock could be produced for $4 a bbl. Now, with world prices going up almost daily beyond the $23.50 OPEC level, shale oil may be produced for $30. But spurred by the ever higher price of crude, a group of energy entrepreneurs aim toward turning out more than 200,000 bbl. of shale oil a day by 1990. This surpasses the average amount of crude oil imported so far this year from Iran...
Since the Federal Reserve action, the prime interest rate paid by top corporations has jumped another 2% beyond its previously record heights to reach 15½%, and bankers believe that it may go still higher. Interest rates on Government bonds have leaped above levels prevailing at the outbreak of the Civil War, when Confederate forces were encamped at Manassas, ready to march on Washington. The Dow Jones index of industrial stocks since early October has slumped nearly 100 points and closed last week...
Breaking the inflationary psychology after 15 years of ever higher prices will be a titanic task. The American consumer has developed the attitude of "buy now before it's higher," as new figures showed again last week. Consumer installment debt exploded by a record $4.5 billion during September to a total of $303.9 billion. The lemming-like rush of consumers into debt could force the Federal Reserve to push interest rates still higher or perhaps to begin limiting the amount of credit available...