Word: paradoxes
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...paradoxical recession, perhaps the biggest paradox of all is the leapfrogging race between prices and wages that has continued long after the 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...
...cause of the paralyzing slowness of decisions is the fact that the agencies are two-headed, quasi-judicial bodies, thus are not only involved in fact-finding but must also judge the facts they find. The paradox was pointed up last month at congressional hearings by FCC Chairman John Doerfer, who remarked that as an administrator he should be out talking to people, but as a judge he should not. Under the fact-finding process, every citizen has the right to be heard before the agencies-and thousands use it. Lawyers have made an art of dragging out a case...
...small appliances are sold below list price, and say that cut-rate sales in other lines are growing fast. Several million young families, whose homes are from 75% to 90% stocked with possessions bought lower-than-list, buy no other way. Thus, while economists worry about the seeming paradox of price rises in the face of a general economic decline, the fact is that the prices contained in the rising Consumer Price Index are not what people really pay. Auto prices last year went up 3-9% at wholesale and 1.5% at retail according to the indexes. But customers...
...most curious paradox about the annual scramble to get into college is that, far from fearing they will end up with too many freshmen, many admissions officers worry about getting too few. In the College Board Review, Headmaster John Gummere of Philadelphia's William Penn Charter School describes the headaches that result from students' applying for and being accepted by as many as 20 colleges before deciding...
...colonel and his men set merrily to work, all unaware that in building their bridge, they are also constructing a hideous paradox. Even as the British prisoners, with proper pride, are drawing plans for their structure, a British Commando unit is hatching a plot to blow it up. As the bridge mounts, so does the suspense. For every timber that slides into place, the raiders (William Holden, Jack Hawkins, Geoffrey Home) make another march to their goal. As in some awful myth, as in all human history, creation and destruction keep inexorable step. They collide in a conclusion that will...