Word: lowers
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Dates: during 1950-1959
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...meeting of New England hospital officials. "It is the most fantastically expensive item in our civilization," and especially in the U.S., it has luxury aspects that should be pruned. Many patients are overcharged, e.g., for special nursing that may not be necessary. Insisting that needed economies must not lower the quality of care, Dr. Moore suggested: "Doctors and hospitals can help to reduce the cost of care by making it as efficient as possible, at the same time as Blue Cross and the insurance companies raise the proportion of their payments, so as to put medicine and the hospitals back...
...debut last week Mezzo Hoffman displayed a veteran's easy stage presence and a wide-ranging voice that floated purely though somewhat colorlessly in its upper register, darkened richly in its lower one. The haunting warning Einsam wachend in der Nacht in Act II had a texture soft as velvet, but with resonant carrying power. Her characterization in one of opera's most thankless roles was skillfully subdued, came as a welcome relief from the histrionics with which other Brangänes sometimes worry the Met's stage. All in all, it was a welcome and memorable...
...left the canvas with some unresolved problems. The yellow robe of Judas, as he turns to betray Jesus, billows stiffly, forming a disconcerting, nostril-like free form; Peter's violent attack against Malchus (one of the high priest's servants) is nearly thrown off the picture at lower left...
...general economy paused for a breath. Though price cuts are on the rise (see Metals), they have not been fast or sharp enough to hold down the steady rise in the cost-of-living index. Nor has labor trimmed its wage demands in the face of poor sales and lower profits (see Autos). Last week Chicago Federal Reserve President Carl E. Allen took both management and labor to task for what he called a "price and cost rigidity" that hinders the U.S. economy. His plea: more flexibility as one answer to the recession...
...needed are sharp price cuts. But instead, some industries have actually increased their prices. Concludes Banker Allen: "This is a new, a novel and a frightening theory of consumer behavior. It amounts to saying that consumers will neither be able nor willing to buy more goods and services at lower prices than at higher prices. It amounts to repealing the principles of economic behavior in a private-enterprise economy. It rejects the essential readjusting mechanism, flexible pricing, which can contribute so much to sustained high levels of employment and output. It ignores-but, you may be sure, it does...