Word: pricing
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Dates: during 1960-1969
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...winter-spring offensive," the President told a news conference. "The stated purposes of the general uprising have failed. Communist leaders counted on popular support in the cities for their effort. They found little or none." What is more, he said, "it looks like somebody has paid a very dear price for the temporary encouragement that some of our enemies had. I do not believe that they will achieve a psychological victory." Some analysts believe, however, that the Communists scored an impressive propaganda success...
Pleading for "the most rigorous restraint," Johnson asked business and the unions to slow the wage-price cycle. Wage settlements, he said, must be reduced voluntarily from last year's 5.5% average. Where possible, extra costs must not be passed to consumers. On the international side, he urged approval of his program for reducing the balance of payments deficit...
...cowards masquerading as doves. Even worse, he has to face the sickening fact that only 1.7% of those deferred for college have enough love of country to volunteer. Every President who fought our wars has been swept into office. Start with Andrew Jackson, then Lincoln, then peace-at-any-price Wilson, who changed his mind and fought, and F.D.R. and the classic example of Harry Truman...
Record Quarter. Ackley said that during the last two months of 1967 the economy had spurted ahead all too quickly. The rise in wholesale industrial prices, which was less than 1% in the first half of last year, went up to 2.5% in the second half, while the rate of consumer-price increase rose from 2.3% to 3.8%. Figures released later showed the consumer price index up 3.1% for 1967, the second highest annual increase in ten years. Unavoidable injections of extra dollars into the economy, such as higher federal pay scales and social security benefits, are virtually certain...
...selling Sunset Petroleum, which had $20 million worth of losses in California real estate last year and plunged Sunasco deeply into the red. The buyer: Manhattan's Commonwealth United Corp., a movie-making (The Pawnbroker) and -distributing company with realty and insurance sidelines. Price: $25.2 million, paid in Commonwealth stock. In an accompanying deal akin to a divorce settlement, Sunasco lined the coffers of money-shy Sunset with $ 1,000,000 in cash and $8.6 million worth of Sunasco stock-chiefly in exchange for Sunset's interest in five California realty ventures...