Word: pricing
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Dates: during 1960-1969
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...Daddy," and why is there a price of up to $15,000 on his head? See SPORT, Big Daddy, Won't You Please Come Home...
...Pacheco opened his campaign for national discipline in a gloves-off spirit. He fired six members of his own Colorado Par ty from their ministerial jobs. Since then, he has replaced all but one man in the twelve-member Cabinet with "good technicians." To halt inflation, which had boosted prices 200% in 18 months and forced five devaluations of the peso, he decreed a total wage and price freeze. The government encouraged housewives to call special telephone numbers to report price rises, took to closing down the violators for ten-day periods and trotting store managers off to jail...
...major effect of that selling was a sharp decline in the price of sterling on foreign exchange markets. Obliged to buy up pounds to keep the currency from dropping too far below its $2.40 official price, Britain has seen its reserves of gold and foreign currencies shrink to $2.7 billion, less than half the amount that would be necessary to re deem all the pounds held by individuals and central banks in sterling-area countries...
Confident that the latest arrangement will be a success, Bank of England Governor Leslie O'Brien said after the Basel meeting: "I don't see any possibility of another devaluation." Similar faith was reflected on the foreign exchange markets, where the pound's price climbed last week from a post-devaluation...
...provide Paris with short-term credits totaling $1.3 billion. At the same time, the Basel conferees sought to dampen gold speculation by devising a scheme by which South Africa is expected to resume its sales on the world's bullion markets. In view of all this, the price of gold on the London market last week went down to $39.10 per oz.-the first time it has dropped to under $40 in nearly two months...