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PRICES: The Consumer Price Index for May rose at a sharp 7.2% annual rate, equaling April's increase. Inflation is "much too high and subsiding too slowly," conceded Herbert Stein, chairman of the President's Council of Economic Advisers. Gloomily, the Agriculture Department predicted that food prices for the year will jump by an oppressive...
...Johnson Products and Baltimore's sausage-stuffing H.G. Parks, Inc.) have sold stock to the public-the only realistic way for a business to get the capital required for large-scale expansion. Until more black firms can go public, they will remain minor participants in financial life. One index of how far they have to travel...
...wholesale prices in May rose a staggering 2.1%, the second time this year they have rocketed upward in a single month at a rate of more than 25% when projected over the course of a whole year. The biggest increases were in farm prices for grains and meat; the index for farm products, processed foods and feed rose at an unbelievable annual rate of more than 62%. But food was not the only villain: prices of industrial commodities shot up at an annual rate of 15.4%. In the past, Administration officials have contended that such huge leaps in a single...
...market averages today are not much higher than they were in the late 1960s, while the consumer price index has gone up by a third...
Commenting on his victory, Wilson said, "We've brought Radcliffe pinball a long way this year. No one can call us wimps and twerps anymore." Wilson boasted that Radcliffe's top five players could demolish any Harvard House team "index fingers down...