Word: pricing
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...dollar, it is still under enough suspicion that even an offhand, ill-advised remark by a high official can cause a speculative flurry. Last week David M. Kennedy, Nixon's Secretary of the Treasury, refused to make the ritual pledge that the U.S. will maintain the official price of gold at $35 per ounce. "I want to keep every option open," he said. Next day, the free market price of gold jumped in London to a six-month high of $41.82, and Nixon Press Aide Ron Ziegler tried to quiet the uncertainty by declaring: "We do not anticipate...
...change in the gold price remains highly unlikely, if only because it would do nothing to solve the basic imbalances in the major nations' currencies and economic policies. But moneymen are talking more and more about the need to revalue many currencies at once and to expand the world's monetary reserves by quickly creating a form of "paper gold," the so-called "Special Drawing Rights." To do this, they may decide to hold the first monetary summit meeting since the existing system was set up in 1944 at Bretton Woods, N.H. More likely, they will take less...
There is reason to expect that next year demand will taper and the price spiral will slow. The tax increase is finally beginning to take effect: the after-tax income of the average American, which rose at an annual rate of $36 in this year's first quarter, increased $20 in the second quarter and only $4 in the third quarter. On Jan. 1, the taxpayer will be hit with an increase in Social Security taxes; the maximum payment, for people earning $7,800 a year or more, will go up from $290 to $374. On April 15, millions...
Nixon has quite a bit of room for some mildly deflationary measures because unemployment is so low. Encouragingly, economists of the Johnson Administration believe that the wage-price spiral eventually can be restrained by permitting unemployment to climb back to a politically acceptable rate of about 4%, and letting it hover there for a while. But, warns Arthur Okun, the outgoing chairman of the President's Council of Economic Advisers: "If ever there is going to be a year of bliss for the American economy, it will...
...capture about 16% of the U.S. market. Privately, steelmen have often faulted Blough for issuing terse press releases instead of fully articulating the industry's position on trade and other matters of public policy. Blough's effectiveness in Government relations was further impaired by his 1962 steel-price showdown with President Kennedy-after which J.F.K. complained: "My father always told me that all businessmen were sonsofbitches, but I never believed it till...