Word: priced
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Saigon, the announced reduction panicked some businessmen and depressed real estate prices. The government raised taxes?the price of beer, for example, will go up 55%?to finance anticipated increases in the cost of the war. But some influential Vietnamese feel that Nixon's action will help Thieu. "It shows that the U.S. commitment here is not unlimited," says Tran Ngoc Chau, secretary of the lower house of the National Assembly, and therefore it should encourage greater political unity in South Viet Nam. While Thieu faces new opposition from a neutralist group of intellectuals formed two weeks...
...worth only 790 today, which means that a man must earn 26% more after taxes to buy the same goods. This year the erosion in purchasing power has sharply accelerated. A dollar received as recently as January is worth only 960 now, and at the current rate of price increases will shrink to about 920 by Christmas...
...expire, he added, the economy could race far enough out of control to create "the possibility of a serious recession." To prevent that, Secretary Kennedy warned that the Government would have to consider further budget cuts, tighter money and perhaps, as a last and unwelcome resort, the price and wage controls that the Administration abhors...
...were obviously waving red flags at Congress, which in economic matters often has a low level of sophistication and which has been delaying consideration of the tax extension. The main trouble lies in the House, where many Democrats demand broad-scale and much-needed tax reform as their price for supporting the surcharge. Hoping to avoid a rapidly developing impasse, President Nixon called House leaders of both parties to the White House. Over coffee, they agreed to make the extension bill more attractive by adding a Nixon proposal to drop 2,000,000 poverty-level families from the federal income...
...quota system is also justified as a means of encouraging exploration for more domestic reserves. The quotas, according to the oilmen's argument, save the U.S. from becoming too dependent on the oil sheiks of the unstable Middle East. They would probably raise their royalties -and thus the price-if the U.S. needed substantially more...