Word: highly
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Dates: during 1940-1949
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...more production, increased exports, by cutting dollar expenditures, and rigging bilateral trade deals with nondollar countries. The chief trouble (in U.S. eyes) is that the British are poor salesmen, do not adapt their products to what is wanted in the U.S. and have prices which are far too high for the briskly competitive dollar market...
...British prices so high? At least partly because British industry helps support Labor's elaborate welfare state. But another big reason is British industry itself, which grew inefficient and complacent long before Labor came to power...
...firmly reminded that wage demands would have to be "compatible" with production-a reflection of official Communist concern with "liberated" labor's cry for more pay. Further, party members and intellectuals would be mobilized for trips into the countryside to re-educate peasants who are balking at high Communist taxes and taking to banditry and guerrilla forays...
Ostensibly, the strikes were to be for high wages; actually, the Communists' obvious aim was to force their way back into the government (from which a crushing electoral defeat had dislodged them in July 1948). But President Juho Paasikivi's Social Democratic government was ready for the Communist attack...
These two fields, plus strikes in the surrounding area, add up to one of the major North American oil developments in recent years. Alberta's known reserves are generally estimated at a billion barrels, its potential as high as five billion. If it should prove to be five billion, Alberta might eventually rival west Texas, today the biggest oil-producing area in North America...