Word: pricing
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Dates: during 1960-1969
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...follow Britain's lead, and the U.S. lost no time in announcing that it has no intention of devaluing the dollar. In a White House statement, President Johnson said that he could "reaffirm unequivocally the commitment of the U.S. to buy and sell gold at the existing price of $35 an ounce...
...that Britain would have to devalue, that "there's a point at which determination becomes obstinacy"-and that he had now passed that point. Exports were hardly rising, he told his boss, and yet enough wage increases had crept past the barrier of the Labor Party's price and income squeeze so that rising demand kept imports growing at an alarming rate...
...moral guidance than career-oriented degree-granting. Schools today, complains Tokyo University President Kazuo Okochi, are "producing a lot of young graduates who do not have enough self-consciousness or sense of human values." Like the U.S., Japan has discovered that overcrowding and impersonality are part of the price a nation has to pay for mass higher education...
...House Council of Economic Advisers quipped last week, "the complete remedy for every ill including the common cold." But Ackley, from rostrums in Los Angeles and Manhattan, spelled out the Administration's case in somber detail. Without higher taxes, he warned, the nation faces "potentially serious trouble" with "price increases and soaring interest rates." On top of that, Ackley forecast "a deteriorating trade balance and new weakness in housing alongside a possibly unhealthy boom in investment, inventories or even consumer spending on durable goods." A tax surcharge, Ackley insisted, would make the difference between an economy that is "healthy...
Maurois was a lover, not a critic, of mankind. His art paid a price for it. His romantic world was always tidier than its sloppy model. Yet his elegant narrowness brought him intimacy with an audience of millions seeking in literature the order that life denies. The irony would not have escaped...