Word: pricing
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Dates: during 1960-1969
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Russia would still like to hold the summit meeting, possibly next spring. The price may eventually be concessions in Czechoslovakia-including substantial troop withdrawals. Unless the Kremlin leaders are willing to pay that price, they may not find the Communist delegations in any better mood at the next preliminary meeting...
...discontent started soon after Britain's four-year-old monetary crisis, which has forced Wilson to undertake salvage measures that the unions claim have put an intolerable pinch on workingmen. Britain is mired in its longest period of high unemployment since World War II. Money is tight, and prices have crept upward since last November's devaluation. Britain depends heavily on imports, notably food, and the lowering of the pound's value relative to foreign currencies made imports more expensive. At the same time, to hold down the price of British goods abroad, the government, over bitter...
...Hard Facts. At Blackpool, Cousins was determined to put the unions' unhappiness on record. As the first order of conference business, he introduced a motion to condemn compulsory wage and price guidelines as dampers on both trade-union activity and economic expansion and called for their immediate repeal. In answer, Chancellor of the Exchequer Roy Jenkins made brutally clear, "the hard facts of life" gave Britain little choice. In 1967, he pointed out, prices increased only 2% while wages jumped 6%. "The only trouble was that we did not earn it," he said. "Production that year went...
...that a party conference had split with the government on a key issue since Wilson assumed the Labor leadership in 1963. The vote was thus a stinging rebuke to Wilson personally, but it will have no immediate effect on the Labor government's economic policies, because wage and price restraints are now the law. The vote will make more difficult the renewal of the measures when they expire late next year, but Wilson is committed to his policies. Some of their first optimistic returns came in last week, when the Bank of England announced a handsome $504 million increase...
...paying a price for safety," says Flight Director Glynn Lunney. "The spacesuits are bulkier, the Fiberglas itches like hell, and the seat belts are difficult to cinch down because they are so stiff. But you are seeing a spacecraft several hundred percent improved." Apollo's new safety devices, and a string of successful shots during the past year, have partially restored NASA's confidence. Four unmanned Apollo spacecraft have now flown without serious mishap, two of them atop the mighty rocket Saturn...