Word: risen
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Dates: during 1970-1979
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...horrible and unacceptable." Indexing, which automatically raises wages and pensions along with the price index, is not a cure but a disease that institutionalizes inflation, added Okun. He estimates that "if all payrolls were indexed instead of the roughly 15% that are now, the consumer price index would have risen more than 20%, not 13%." Inflation is only one consequence of increasing energy costs, said Economist Murray Weidenbaum, a visiting scholar at the American Enterprise Institute. He believes that U.S. industry's reasonably successful drive to restrict energy consumption may be hurting productivity because companies are reducing...
...invest. While the U.S. spent scarcely 10% of its national income on new factories, mines, tools and transportation systems, its allies and competitors the West Germans and the Japanese were investing 15% and 16.2%, respectively, of their incomes in such capital goods. One result: U.S. productivity, which had risen an average 3% a year in the 1960s, declined by more than 1%. There were other reasons for this deterioration in production per hour worked. Among them: the heavy burden of Government regulations, the entry of so many untrained first-time workers into the labor force, and the decline of research...
...their native son is not only local pride, but also local resentment at their domination by the Russians who rule the country from Moscow. Less understandable is the nostalgia for the Stalin era that is expressed by a minority of Russians. Some complain that the price of vodka has risen astronomically since Stalin. Others mistake the relaxation of terror that followed Stalin's death for moral laxity. The thriving black market, the dissident movement, modern art exhibitions, rock 'n' roll and nudes in Soviet movies have all caused Soviet conservatives to observe wistfully that people would have...
Cutting back on consumption is not enough. Tanzania uses roughly half as much petroleum as in 1972, but its oil bill has risen 900%, and now eats up half of all earnings from the country's exports. Complains Rodrigo Carazo, President of Costa Rica: "Our 1972 oil needs cost $11.8 million. Our 1979 needs will cost at least $103 million. The barrel of oil that we could buy in exchange for 57 Ibs. of bananas or 3 Ibs. of coffee in 1972 now costs us 440 Ibs. of bananas or 24 Ibs. of coffee...
Dean Fox told the Faculty yesterday that the percentage of students receiving summa cum laude degrees has risen gradually in the last three academic years...