Word: inflationitis
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Dates: during 1960-1969
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When Labor had a perilous three-vote majority in Commons, Prime Min ister Harold Wilson found it easy enough to keep his party in line. But the urgency of party unity faded when Wil son won his 97-man margin in the March elections. Right-wing Laborites began criticiz ing...
At week's end Ky demonstrated another brand of toughness, which was welcomed by the U.S. Roaring inflation had threatened to rip the fabric of South Vietnamese society: food prices had risen 85% in 18 months, overall prices as much as 130%. Announcing a basic overhaul of the economy...
The ladies had a point. In the past three years, one of the few bright spots in Japan's inflation-ridden economy has been the cost of dry cleaning, and the thanks are due to some 1,500 enterprising operators who installed automatic dry-cleaning equipment and cut prices...
Her first move was to encourage pri vate foreign investment in India's des perately inadequate fertilizer industry (TIME, May 27). Then the government removed controls on eleven basic indus tries, including cement, iron and steel forging, and timber products. Two weeks ago, the rupee was devalued,* to combat...
Exterior Signs. It is now. Aware that unbalanced government budgets were a key factor in Brazil's rampaging inflation, President Humberto Castello Branco and his revolutionary military regime rammed through a tough universal income-tax law that set realistic tax rates* streamlined the archaic collection system, made tax dodgers...