Word: pricing
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Dates: during 1960-1969
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Saying so hardly made the going great. Jenkins reported out a gloomy budget for 1969-70. Then Crossman casually announced that the government was raising by 25% the price of dentures and spectacles obtained through the National Health Service. Everything about the announcement by Crossman was wrong. It was released right on the eve of local elections in which. Labor's chances were poor to begin with, and it seemed almost calculated to rile the very backbenchers who had organized the abortive revolt. Worst of all, it reminded everyone in both parties that back in 1951 a similar charge...
...more than a decade. In 1967 alone, the rate of inflation was 135%, and the government ran short of retirement funds. Tough, recent measures taken by Pacheco Areco have slowed inflation to just over 6% for the past nine months, but at the highly unpopular cost of wage and price controls and curbs on strikes. The Tupamaros have not been able to persuade Uruguay's powerful Moscow-oriented labor unions, with their 240,000 members, to make common cause. Even so, they can rely on a fertile popular base as long as the economic squeeze lasts...
...Tittenhurst's new owners: Beatle John Lennon and his Japanese bride, Yoko Ono. "A mansion?" scoffs John. "A nice functional house with just a couple of rooms for Yoko and me." What about that splendid private picture gallery? "Just a shed where everyone plays pingpong." The $348,000 price tag? Another bagatelle. "I say sometimes that we spend too much money, but it's a joke. I've got millions." Would the grounds be opened to the public? "Like hell. That may be a tradition here, but everyone knows I'm not traditional...
Unequivocal Decision. As the flood of funds into Germany grew to $3 billion by some estimates, near panic swept European currency markets. Present arrangements call for each Western government to keep the official price of its money within 1% of its stated value. In an effort to hold the line, Denmark and Norway suspended all dealings in foreign money. France, Britain, Italy, Belgium and other countries were forced to dip into their reserves and sell dollars to maintain the official price of their own currencies. Despite all this, in stunning defiance of the world's financial experts, West Germany...
William Kramer, executive secretary of the P.F.M.A., thought that the conversation centered more on price-fixing than football. As a result, he used a hidden recorder to keep track of subsequent conversations among industry executives. In 1963, Kramer fled to the Caribbean with $175,000 of the association's money and a stack of potentially damaging tapes. Later he was arrested and sentenced to 18 months in prison for writing bad checks and several other offenses. Soon afterwards, his tapes turned up at the Justice Department, whose subsequent investigation uncovered evidence of widespread price-fixing in the industry. Justice...