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Moreover, the strike is likely to trim down any third-quarter economic upturn (see box, page 72). One consequence is that the industrial-production index, which declined in August for the first time in five months, will fall further. If the strike lasts more than six weeks, it will depress many businesses indirectly connected with the auto industry. In that case, lower corporate profits and more unemployment will sink the federal budget deeper in the red, increasing the prospects for a tax increase. The Nixon Administration expects that the strike will be over in six to eight weeks...
...with movement to cities in classical capitalist development, generated by the development of market and productive forces (although that is violent enough). It has even less in common with a rational allocation of resources for the simultaneous development of city and country. "Urbanization" is used by Huntington as an index of modernization. In fact, it refers to little more than the number of people in cities, without regard for the economic viability of those cities or the conditions of the people forced to live in them. Words are stripped of their analytic sense and employed to excuse whatever manipulation...
...curiously ambiguous clause in the agreement that ended a 66-day U.A.W. strike against Ford in 1967, and that subsequently was adopted by other companies. The strike revolved in part around a cost-of-living allowance that raised workers' wages along with the Government's price index. The union agreed to an 8?-an-hour annual ceiling on the amount by which workers' pay might increase to offset inflation. Any difference between that amount and what the workers could get if there were no ceiling, the agreement read, "shall be available" at the beginning...
...conviction that the economy is past the worst of its troubles began growing among professional observers in early summer, and has been greatly strengthened by the latest data. The Government's index of leading indicators-those measures that tend to move ahead of the general business trend -gained 1.6% in July, the sharpest increase since April 1969. Thanks to a drop in farm prices, the wholesale price index fell 0.2% in August, its first decline on a seasonally adjusted basis since April 1967. That would seem to promise a continuation of recent slowdowns in retail price rises. The consumer...
...will be able to judge the extent of our success in helping the elderly live meaningful lives by watching this index of their misery...