Word: perring
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Dates: during 1960-1969
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...result is that some well-off private schools are now getting support. Because of their higher instructional costs and all-secular staffs, their share of public funds is often higher than that of parochial schools. For example, the Baldwin School, a prosperous private institution in Bryn Mawr, receives $102.68 per pupil, while the average parish and diocesan school gets only...
Today's stubborn inflation, according to Friedman and his adherents, has been greatly magnified by Federal Reserve Board mistakes. From April 1965 to April 1966, the money supply expanded at an abnormally high 9½%-per-year rate, even though inflation was on the rise. Too late, says Friedman, the board reversed itself too emphatically, and caused the "credit crunch" of August 1966. In 1968, the board, fearful that the tax surcharge would overburden the private economy, increased the money supply at an average annual rate of 10%?almost twice the rate that the economy could absorb without inflation. Then...
FOOD. The Department of Labor food-price index jumped 5% from January to October. In Pittsburgh, the price of eggs almost doubled overnight from 43? to 83? per dozen. The price of pork chops in Boston increased from 99? to $1.39. One shopper in Cuyahoga Falls, Ohio, Mrs. Richard Davis, protested: "This can of soup had four prices on it when I bought it." The final price was 11? more than the first. The nickel Hershey bar vanished, and practically nobody could find a 10? cup of coffee...
...survey of the Bay area disclosed that there was enough low-cost housing to provide shelter for all the area's poor-but the comparatively well-off occupants refused to move out. Taxes took an ever deeper bite. In San Francisco, for example, property taxes jumped from $102.30 per $1,000 valuation...
...year's first ten months, the price of medical care-doctors' bills, hospital services and drugs-rose by 5%. In Boston, a hospital bed could cost $85 a day, $10 more than last year, and the price of dental care advanced from $6 or $7 per filling a year ago to $9 to $10 today. Even aspirins were up, from 89? to 98? per 100 tablets. A mouthwash named Binaca cost 29? when it was introduced by a Swiss company five years ago; it has since been taken over by a U.S. firm-and now sells...