Word: koreans
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Dates: during 1960-1969
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...varying techniques to fight the fire, but few could disregard the smoke signals. After seven years of immobility, the wholesale price index has spurted 4.1% in the past year, last month alone rose seven-tenths of 1 %, the steepest February increase since the precipitate price escalation early in the Korean War. Industrial production was up 9% over the preceding February; personal incomes grew 8% to a record annual rate of $556 billion...
Unemployment in the U.S., at latest count, stands at 3.7% of the labor force, lowest since the Korean War. Gardner Ackley, chairman of the President's Council of Economic Advisers, recently called the developing labor shortage the U.S.'s single most serious inflationary threat. That the shortage is already critical in many areas has now become abundantly evident across the nation...
...Victory carried munitions across the Pacific in the closing months of World War II. In 1950 she was reactivated to haul materiel for the Korean War. After a brief stint transporting grain to India, she was retired again. Last week the Red Oak, one of 101 Victory ships dragged out of mothballs for service in Viet Nam, was ready to sail again after a $400,000 refit and new coat of grey paint. For her rededication, Red Oak Mayor Joseph Tiffin flew to Portland, Ore., with a specially stitched town flag, which Captain Robert Blood will hoist when the ship...
...living to go up at least another 2% before year's end. The cost of doing business is also climbing. Manufacturers are paying big premiums for many nonferrous metals and other essential materials. The demands being put on the U.S. economy have caused scarcities unknown since the Korean War. Acute shortages continue to grow in the economy's three basic resources: men, materials and money...
...beat further price hikes, businessmen are increasing their inventories at a pace unequaled since the Korean War: $10.1 billion a year. During January, bank credit expanded at 20% a year, double the already high rate of the past five years. Skilled labor has become so scarce that Inland Steel is trying to fill 600 job vacancies, is recruiting as far away as 400 miles from its East Chicago base. Detroit automakers are hiring unemployed Appalachia mountaineers to sweep floors -at $3 an hour. For its part, the Government has poured on more inflationary fuel: the national income accounts budget, which...