Word: inflationitis
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Dates: during 1960-1969
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Kumpel Chorus. For one thing, the Socialists won wide sympathy with their proposed speakers' exchange with East Germany on the question of reunification. Perhaps more important was the record oversupply of 21 million tons of coal, which stands in ominous black mountains from Bottrop to Bochum. To the Ruhr...
In the countryside, where 80% of the population still lives, the ravages of the world's worst chronic inflation are scarcely felt. Most families can grow enough food to get along and often have enough left over to barter for clothes and even bicycles. In the cities, life for...
After five years and four months of exuberant expansion that has brought the U.S. close to inflation, the economy is showing signs of cooling off. The pace of business is still accelerating, but the rate is slower for three main rea sons: tight money, shrinkage in the federal deficit and...
Why, then, the strike? Labor experts say the walkout resulted from a blend of union politics, large airline profits and attempts by the Johnson Administration to keep the settlement within its anti-inflation guidelines.
The Administration would like to see the dispute settled with the machinists getting a raise of about 3.2 per cent, which, so the theory of the wage-price guideline goes, would reward them for increased productivity but not spur inflation. At the same time, the Administration, with an eye on...