Word: pricing
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Dates: during 1960-1969
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...something of a triumph for the incoming Administration. Throughout the campaign Nixon had stressed his reliance on the private sector in coping with domestic problems as the principal difference between his approach and the Democrats'. Mills himself is no big spender. His insistence on economies as the price for enacting the income tax surcharge last June caused a lengthy deadlock with Lyndon Johnson. But Mills opposes tax remission as "backdoor spending," a bookkeeping gambit that can reduce the tax base and make the federal budget even more misleading than it already...
...spokesman, explaining that $100,000 per concert is not out of line for a man of Elvis' talents these days. Thus a concert a week for ten weeks equals $1,000,-000-compared to the 15 work-filled weeks it takes to make a movie for the same price...
...Lease, Steal. Why? One reason is that inflation tends to suck in im ports and to price U.S. products out of foreign markets. At the same time, fewer orders are coming from countries that suffer from economic contraction, notably Britain and France. Other trends that operate against...
...pressure on the mark--and the Keisinger government--for revaluation was great, and most currency speculators became convinced that the Germans would revalue. Hence the rush to convert holdings into marks before the price of the mark went up. And, of course, French financiers and speculators, fearful of the return of the economic chaos that had characterized the Fourth Republic, were the largest buyers. Because lack of confidence in a currency, like a run on a bank or American foreign policy, moves inexorably toward confirming its premises, they seemed likely to be proven correct...
...decision to grant massive wage increases, without applying pressure on French businessmen sufficient to keep prices reasonably stable, was political cowardice. The French government should have taken the steps necessary to insure that an increase in wages would result in a roughly equal increase in real income to labor. Or conversely, it should have had the guts to deal with labor, admitting that it lacked either the power or the resolve to curb French business, and refuse to peddle an illusion. Selling the illusion of an increase in income to French labor may have bought DeGaulle political elbow room...