Word: rated
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Dates: during 1960-1969
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Hollister has lately conceded that inflation may help the white more than the black poor because it is harder for the latter to obtain jobs even in times of labor scarcity. He calculates that 61% annual rate of price increases, which the U.S. exceeded in some months of 1969, hurts poor whites as well...
...talk last week to the National Foreign Trade Convention in Manhattan, Stans also promised U.S. exporters additional measures of practical aid. One would add some $750 million to the Export-Import Bank's funds. Exporters can now borrow only limited amounts at the bank's 6% interest rate, and must finance the rest of their sales with private loans at 9% or more. Many foreign competitors can borrow all they need from their governments at low rates-and save a crucial 1% or 2% in financing costs. A second measure would allow U.S. corporations to defer income taxes...
...Kenosha, Wis., which was settled last week, cost A.M.C. more than 30,000 cars. Another strike at a Chevrolet plant in Flint, Mich., has reduced General Motors' production by 4,375 cars a week, for nine weeks so far. Ford's new Maverick is selling at the rate of 400,000 a year but is drawing sales from the company's other lines. Ford salesmen believe, however, that this will be the year not of the compact but of the intermediate-size car-the first year that sales of intermediates will equal or surpass those of standard...
Selling on Sunday. The auto companies are not alone in their struggle against increasing consumer resistance. For the first nine months of this year, overall retail sales are only 4% above their 1968 pace-less than the rate of price increases. Even in Southern California, where department-store sales are generally up, one discount-store manager, Paul Hulse of Redondo Beach's Hartfield-Zodys, detects a downturn in sales of color televisions, luxury refrigerators and stoves. To meet the competition of discount stores, Sears, Roebuck has opened some 175 of its 825 stores for business on Sunday. Retailers...
...around Commission Member Erskine Wells, a lawyer whose firm represents many insurance firms, and State Insurance Commissioner Walter Dell Davis, an ex-officio member of the commission, who has been accused of being too cozy with insurers. In the wake of the storm, the commission hastily approved a 50% rate increase along the Gulf. Last week public outcry and political pressure prompted the commission to postpone the rate rise until after it holds another hearing. Considering the $135 million in storm losses they face, insurance companies may be justified in raising their rates. The delays in claim settlements, however, have...