Word: pricing
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Dates: during 1960-1969
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...Price, Dean of the Kennedy School of Government, thinks the new permanent appointments "fit well into the Harvard incentive system" and should result in more Ph.D. candidates, new undergraduate courses, and fuller research...
Wassily W. Leontief, Henry Lee Professor of Economics, was less optimistic. "The British devaluation puts the dollar on the firing line," he said. "The new economics, so called, has not been able to prevent a steady increase in price wage inflationary pressure...
...with enough muscle at home to ensure a turnabout into the black in the balance of payments of "$1.2 billion a year." The giant Trades Union Congress was due to meet this week to discuss voluntary wage restraints, essential to ensure that a new round of wage and price in creases does not quickly nullify the gains of the devaluation. But the feeling abroad was that Wilson had devalued as a purely domestic political move, being unwilling to suffer the political consequences of imposing the strict economic reforms that the world banking community is convinced Britain needs...
...battle began in 1963, when American Airlines offered half-price seats to servicemen on a standby basis. Ever since, U.S. airlines have been competing for traffic with an ever proliferating and vastly confusing array of cut-rate fares. As a result, more passengers than ever are crowding aboard planes. But the cheap promotional fares are putting such a squeeze on profit margins that last week four major trunk carriers agreed that the time had come to dump some of the discounts...
...with such statistics in mind that United, TWA and American, in addition to seeking to restrict the hours and days their "Discover America" fares may be used, proposed to abolish their $200 excursion fare for transcontinental round trips and get the price back to $217. United President George Keck describes such moves as "a logical first step" toward raising airline profits. This amounted to a broad hint that next year the carriers may ask for a general fare increase, their first since...