Word: pricing
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Dates: during 1960-1969
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...Price. Most congressional conservatives, who now hold power in the House, have said all along that Johnson could have his long-sought tax rise -provided, of course, that he reduced spending. The President, mindful of the needs of the cities and Viet Nam, was loath to do this. Finally, a fortnight ago, he agreed to a cut of $4 billion, enough to bring the 1968-69 budget down to $182.1 billion. More, he said, would create "chaos in government...
...irritated many, it did make clear that a tax rise is the key to continued prosperity and the stability of the dollar. The Senate and House conferees eventually agreed, but -largely as a result of their annoyance at the President's blunt words-only at the $6 billion price the conservatives had demanded. With the stability of the economy at stake, Johnson can hardly refuse to go along, but he cannot take much pleasure in a package that promises to gut some of his fondest domestic programs...
...late-model Cadillac, earning his daily bread from a 10% surcharge on each worker's hourly wage, plus his own earnings as a laborer. Unlike his predecessor at Cutchogue, whose wife held the "liquor concession" and charged $1 for a pint of cheap, lemon-flavored wine (local price: 51¢), Isaiah is considered a pretty fair boss...
...freely exchangeable currency: dollars and gold. The reserves of gold which the members of the IMF may legitimately hold have been frozen; they may neither sell nor buy gold on the open market without losing their right to exchange dollars for gold at the $35 an ounce price; they can only exchange a fixed amount of "$35 gold" among themselves. The U.S. is trying desperately to eliminate its balance-of-payments deficit, so the source of dollars promises to dry up or at least stop flowing so freely...
...cast, by the by, is worth the price of admission in itself. I will term Thomas Babe a gifted mimic, Susan Channing an actress of tremendous range, Dean Gitter the possessor of one of the most authoratitive stage presences about, Tommy Lee Jones an actor with a true gift for insightful readings, Stephen Kaplan a protean comic figure, and Marilyn Pitzele a remarkable dramatic and comic singer. Each term will fit the rest of the cast as well, and as may well be imagined, the permutations are incredible. I leave you to work out the details...