Word: inflationitis
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Dates: during 1960-1969
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As if to demonstrate that it is not quite paralyzed, the government last week eased its controls on installment buying of autos, appliances and furniture; the minimum down payment for a car or truck was cut from 30% to 25%, on appliances from 33% to 25%. But even the government...
Arithmetical Abracadabra. For two days, the Administration trio painstakingly elaborated the President's case for increased revenue. The cost of the war, along with domestic spending, is running as much as $8 billion higher than anticipated last January. The surcharge would bring in $6.3 billion in the current fiscal...
Died. H. H. (for Hsiang-hsi) Kung, 86, Nationalist Chinese banker politician who became brother-in-law to Ge eralissimo Chiang Kai-shek when he married into the powerful Soong banking family, as Finance Minister from 1933 to 1945 introduced the boon of standardized paper currency, but during his premiership...
Even as the indicators pointed toward resurgence, there was talk of tempering the upswing to avoid inflation. Prices generally have been rising, and last week Bethlehem Steel Corp. announced that it was hiking the base price of hot-rolled carbon and high-strength plate by $4 a ton. The specter...
The effects of inflation have seriously impeded the development of physical facilities for the nation's higher education. Sorely needed student housing at Saigon and a wing of the medical faculty at Hue have stood since 1964 and 1965 in half-finished condition, at the point where money allocated for...