Word: priced
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Dates: during 1960-1969
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...impossible, if performed a second time, seems mere repetition. Thus millions of Americans were content to sleep through the Apollo 12's landing on the moon. They missed a diverting incident. The Apollo 12, with a price tag of roughly $375 million, represents a refinement of hundreds of years of scientific experiment and theory, the most intricate hardware of a technological civilization. Yet when the television camera fritzed out on the lunar surface, Astronaut Alan Bean had a moment of atavism. Like any other 20th century man confronted by the perversity of nonfunctioning machines, he whacked it with...
...financial interest: a 1963 case between a union and a firm that did business with a vending machine company partly owned by Haynsworth, and a 1967 case involving the Brunswick Corp., whose stock Haynsworth bought before releasing a favorable decision. The decision did not affect the stock's price, and the judge's purchase was inadvertent, but it left an appearance of impropriety. Haynsworth also contradicted his own testimony on the vending machine company affair. Haynsworth was opposed by labor and civil rights groups, who contended that his decisions had been contrary to their interests...
FROM the start of its fight against inflation, the Nixon Administration pledged not to copy Lyndon Johnson's controversial "jawbone" tactics. There has been considerable jawboning, but it is different from Johnson's. Johnson's jawboning involved White House pressure on specific industries against specific price increases. Nixon is substituting mild admonitions to business and labor en masse. Last month he wrote to 2,200 business and labor leaders, urging them to hold the line on wage and price increases. Last week he followed up by inviting 3,000 corporate leaders to the cavernous ballroom of Washington...
...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 is less clear. The consumer price index rose at an annual rate of 4.8% in October, compared with a 6% rate in September, but a one-month variation of that size is not enough to signal any turn. Economists find it at best a mildly encouraging sign that...
Less extreme pessimism is being expressed even by some minority voices within the Government. Treasury Economist Herman Liebling has warned in a confidential memo that prices could rise as much as 6% next year. His reasoning: labor productivity is likely to drop while wages keep rising, intensifying cost pressure on prices. J. Dewey Daane, a member of the Federal Reserve Board, expressed doubt that price increases will slow to a "tolerable" rate even by the end of 1970, despite the Board's tight squeeze on credit...