Word: inflationitis
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Dates: during 1960-1969
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Candidate Richard Nixon promised last year "to halt the inflationary trend in our fiscal and monetary policies, to check the drift that defeats our purposes and steadily narrows our range of choices." Now that he has begun to move cautiously against the inflation that last month shaved another half-cent...
Gainsbrugh warns, however, that these prospects for prosperity will prove hollow if inflation continues at its current rate of more than 4%. If it does, he says, it "could foreshadow a boom followed by a severe deflation later in the 1970s." Convinced that sensible Government policy will avoid such a...
ORGANIZED labor long ago acquired a stranglehold over the $85 billion construction industry. That power has not only led to an astronomic rise in building wages but has also enabled unions to load the nation's largest industry with archaic and inefficient methods of operation. As a result, construction...
The director of the Food Services, C. Graham Hurlburt Jr. said two factors necessitated the increase: inflation and the opening of a tenth upperclass dining hall in Mather House.
The transition would span at least several quarters, partly because plants making strategic stockpile items will have to keep running full tilt for a while to rebuild war-depleted inventories. Then, after Pentagon stocks were replenished, about 225,000 jobs at munition factories would be in jeopardy. New contracts-and...