Word: rate
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Dates: during 1970-1979
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...Premier had many reasons for wanting early elections now. Although 1.7 million Italians are out of work and inflation (annual rate: 12.9%) remains high, Andreotti's policies have helped stabilize the lira and brought the economy to the verge of a new boom. In 1978 Italy piled up an impressive $6.4 billion balance of payments surplus and increased exports by 10%. Says an aide to the Premier: "In the last three years, we put through more constructive legislation than all the governments of the past 15 years put together." The Christian Democrats hope to regain the support of disillusioned...
...tides of Trudeaumania a decade ago that the Liberals have entered a race running behind. Along with his eloquence and intellect, Trudeau is carrying into the campaign the weight of considerable baggage-notably an economic record that has managed to combine sluggish growth with 9.2% inflation, an unemployment rate of 7.9% and a $12 billion government deficit...
Meanwhile, another shocker on prices provided further evidence that after just five months, the President's Stage II anti-inflation effort is flagging. In March wholesale prices zoomed 1%, or at a compounded, annual rate of 12.7%, the same as in February. Leading the price index was food, which jumped 1.2%, with particularly severe rises in beef and veal. So far this year, beef prices have increased at an annual rate of more than 100% and are expected to remain oppressively high for the rest of the year. The standard Administration forecast calls for inflation to moderate...
...best hope for the guidelines is that the economy will begin to slow from its unexpectedly extended boom, and there are signs that this is happening. After inflation, real personal income has declined at an annual rate of 6.3% so far this year. Retail sales, U.S.-made-auto sales and housing starts have also slowed...
Subaru is scarcely alone in using this loophole: not one of the 335,000 pickups imported last year was taxed at the full truck rate. The 25% levy, introduced by Congress in 1963 in retaliation for a European tax on American chickens, was originally designed to hit imports of the Volkswagen Transporter, which is no longer produced. Successive administrations have let the tariff go unenforced, and this is not likely to change, despite a General Accounting Office estimate that about $600 million in truck import taxes have been lost since 1971. Reason: U.S. automakers are playing the customs game alongside...