Word: lower
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Dates: during 1960-1969
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...building in midtown. Last week, after six months of hassling over tax terms, Mayor John Lindsay and the Port of New York Authority came to terms, gave the green light to the construction of the $525 million World Trade Center in Lower Manhattan. Main feature of the Minoru Yamasaki-designed 16-acre complex: twin stainless-steel towers, each 110 stories tall, or 100 ft. taller than the Empire State Building, which since 1931 has retained the proud title "Tallest Building in the World...
...John J. Gaherin, president of the Publishers Association -an organization whose very existence is threatened by the ruling-announced plans for an appeal, perhaps to the U.S. Supreme Court, which can accept or reject the case as it pleases. Though it was a unanimous 3-to-0 opinion, the lower-court judges were frankly uneasy. "I fear," wrote Judge Irving R. Kaufman, "that our decision will not alleviate, and might, perhaps, exacerbate the antagonisms which have been the antithesis of labor-management peace...
...full space walk (at lower altitudes) during which Pilot Gordon will manipulate a battery-operated wrench to fasten and unfasten several bolts on a plate outside the spacecraft...
...compromise. It fixed the prices to be paid throughout the Common Market for beef, sugar, milk, rice, olive oil and fruits and vegetables. The prices are higher than those now paid in the relatively efficient farming countries of the Six, France, Belgium, The Netherlands and Luxembourg, and lower than those in Germany and Italy. For instance, the minimum price for sugar beets will be set at $17 a ton, which is 42% higher than the current French price - but 6.6% lower than the German price...
Penalized. The immediate effect will be to raise consumer prices in most Common Market countries - although, paradoxically, the underlying aim is to increase output and lower prices. Under the agreement, subsidies are supposed to encourage efficient producers and penalize less efficient producers, so that prices ought to fall in the long run. But the short-run effect is bound to be inflationary, and French Foreign Minister Maurice Couve de Murville complained: "One cannot pretend that, from the economic standpoint, what we have done is entirely defensible...