Word: pricing
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Dates: during 1960-1969
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These assumptions, of course, may prove too neat. Unity is essential for a minority party, but the G.O.P. may find the price tag troublesome. Does harmony require straddling at the expense of commitment? Does it mean combining the vocabulary of change with the policies of conservatism? The convention offered mixed portents...
Deputy Premier Ota Sik, the country's top economist, wants to eliminate price supports, close inefficient plants, retrain workers and import Western goods so that Czechoslovak consumers can become accustomed to-and demand from their own manufacturers-better-grade products. In order to slip away from the Soviet embrace, Sik wants to borrow $500 million in Western Europe if the Soviets will not provide what he needs. With that money, Czechoslovak plants could buy the new equipment that they need to turn out high-quality products to sell in competitive Western markets...
...Hilton is concerned, the only thing sinful is that no respectable midtown hotel has done it sooner. Airport motels and hotels have long offered day rates (usually half-price between 8 a.m. and 6 p.m.) to travelers who want to rest between flights. The Hilton's "Day-Hour Plan" ($12 for the first three hours, $3 an hour thereafter), which went into effect last week, is a logical next step. It is intended to make life easier and less expensive for today's jet-borne businessman, who often zips in and out of two or three cities...
Even at the painful cost of $200 million a year to its balance of payments, Britain has long accepted its role as one of the world's foremost aluminum importers. The high price of the electric power required for aluminum smelting has kept British manufacturing down to an insignificant annual 39,000 short tons of ingots, less than 10% of the country's needs...
...Tinto will build its 112,000-ton smelter on the Welsh island of Anglesey at Holyhead. As the "buying-in" price for a cheap power deal, it will in vest $79 million in the new Dungeness nuclear-power station in Kent. British Aluminium got the coveted site at Invergordon in the Highlands, the last undeveloped deep-water port in the United Kingdom. Its 112,000-ton smelter there will be fueled at the cheap rate in return for a $70 million investment...