Word: pricing
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Dates: during 1960-1969
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Eckstein, a former member of the Council of Economic Advisors, headed a sixman task force assigned to research the problems of price-wage spiraling and inflation...
...Share of the Profits. Inflation plays a widely overlooked role in the swing to apartments. The rising cost of land, labor and materials (lumber prices have soared 30% this year) has driven up the total price of for-sale homes in many areas much faster than rents have climbed. Labor Department figures show that the cost of renting in the Los Angeles area, for example, has risen 12% since 1960, while the cost of home ownership has gone...
...summer of sizzling sales, Detroit's auto executives kept revising upward their estimates of how Calendar Year 1968 would turn out. What kept them from getting really carried away was the nagging fear that the 1969 models, which would enter the showrooms by October and bear higher price tags but few major styling changes, might meet with buyer resistance. That fear has all but evaporated. As Ford Executive Vice President Lee lacocca put it, Calendar 1968 is a "lead-pipe cinch" to wind up as the best sales year in history, surpassing the 1965 record...
...existed before. Other Schiller ideas and slogans came in salvos. He junked the verbal Seelen-massagen (soul massages) that Erhard used to aim at German employers and unions. He substituted regular private sessions with business and labor at which he preaches "social symmetry," his way of describing wage and price restraint and equilibrium...
Then came the Six-Day War. It cost the nation of 2,669,000 people more than $1 billion, and Israel is still paying the price of victory. Since the war, the military budget has more than doubled, to $800 million - equal to 18% of the gross national product - partly because of the burden of defending conquered Arab lands. Just to administer the "new territories" costs $40 million a year. The bills are so big that Israel recently had to cut $100 million from public-works projects in order to meet the government's payrolls...