Word: placed
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Dates: during 1960-1969
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...increases in spending of 8%-10%, the growth will be held down, McCracken said, and "this difference should be kept firmly in mind." Labor Secretary Shultz said that the businessmen would have to face union demands without Government help, even in the case of utility or transport strikes. "We place our reliance on the free economy," he said, "so that our resolve will be tested." Nixon himself closed the meeting with a speech that asked business to "meet its responsibilities to make America the hope of the whole world." As for inflation, he merely repeated his earlier warning that businessmen...
...Call for Controls. The meeting took place amid increasing signs that businessmen are growing pessimistic about the chances that the Administration's strategies of tight money and budget surplus will actually stop inflation. The latest economic statistics indicate that the policies are indeed slowing the economy. Corporate profits dropped sharply in the third quarter, and industrial production fell in October for the third straight month (see chart). Housing starts fell 12% last month to the lowest level in two years, and new orders for durable goods, which had risen sharply in September, settled back again. The price picture...
...charm and brilliance to right Pan Am, which has just posted a record nine-month loss of $4,500,000, compared with earnings of $39,500,000 for the same period last year. On the lucrative North Atlantic run, globe-girdling Pan Am has been nosed out of first place by rival TWA. Pacific routes that once were Pan Am's alone are now aswarm with competitors. To cut its losses, Pan Am has scrapped 23 unprofitable flights in the Pacific and announced layoffs of 450 pilots and flight engineers. Said Halaby last week: "We have not reached...
...study, as a cautionary text, this extraordinary portrait of an English village. Akenfield is a pseudonym for a real agricultural village of 300 souls about 90 miles and-until recently-several cultural centuries removed from London. "On the face of it," remarks Ronald Blythe, "it is the kind of place in which an Englishman has always felt it his right and duty to live . . . patently the real country, untouched and genuine." Under this impression himself, Blythe, author of a novel and a number of television plays, moved nearby 14 years ago. Unlike other outsiders, he found much more than birds...
...union when the bad times came. Despite the union, the economic gap between landowner and laborer today in Akenfield is about what it was in Victorian times. With land prices above ?300 an acre, a man on wages has no hope of ever saving enough to buy a place of his own. The simple result is a drift away from the land to the factories, a drift, (unlike its U.S. counterpart) particularly poignant because, despite everything, nobody really wants...