Word: pricing
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Dates: during 1960-1969
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...decide on a massive new input of men, the impact on the U.S. would be profound: mobilization of some elements of the reserves and of the National Guard at a time when both may be needed to cope with disorders in the cities; higher taxes; perhaps even wage and price controls. The effects on Johnson's political future would be no less profound, for support of the war has reached an alltime low within the nation. According to a Gallup poll released this week, 49% of Americans-the highest total ever-believe that the U.S. made a mistake...
...efforts to get the diary, according to her version in the current Ramparts, were filled with intrigue. First she called on Bolivian President René Barrientos and planted the idea with him that her own bidding would drive up the price of the diary. She "borrowed" a key in order to rifle the hotel room of the chief U.S. negotiator; in the meantime, she wrote, the Bolivian police visited hers. When it looked as if the U.S. consortium might get the diary, Michéle offered $400,000, though her backer had no intention of paying that much. The Bolivians...
What really galled the President was "exorbitant prices for drugs" bought with federal funds. Noting that twelve drugs of the same type (prednisone) range from $1.25 to $11 for 30 tablets, he declared: "The taxpayer should not be forced to pay $11 if the $1.25 drug is equally effective. To do this would permit robbery of private citizens with public approval." He asked Congress to let HEW enforce a reasonable price scale for drugs used under Medicare and Medicaid...
...Because the fortunes of sterling and the dollar are closely linked, that was enough to drive the value of the pound down to a record low of $2.392, despite efforts by the Bank of England to prop it up. (In Montreal, quotations in 9210 Canadian dollars registered a comparable price.) Gold sales also soared in Paris, Zurich and Frankfurt. Everywhere, buyers were betting that the U.S. would be forced to raise the price of gold - a step tantamount to devaluing the dollar. Though the Treasury and White House Press Secretary George Christian reaffirmed the obviously firm U.S. intention of continuing...
Spreading Ripples. Some influential U.S. bankers have been prodding Washington lately to drop its insistence on the price fixed for gold in 1934. That heresy prompted rumors in Paris that the U.S. would embargo further sales of its gold. Two weeks ago, in a Senate speech, New York Republican Jacob Javits added to the doubts by urging that the U.S. pull out of the London gold pool, stop selling gold to foreigners on demand, support the dollar by buying and selling foreign currencies as other countries do. (The Treasury promptly denied any such intention.) Then there were reports that South...