Word: rising
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Research esti mates that at best the effects of devaluation will improve Britain's balance of payments by only $156 million in 1968; not until late in 1969 can it expect to turn smartly into the black. Meantime, domestic food prices have risen 3.8% since devaluation and will rise 5% to 15% after the first of the year. The powerful Trades Union Council still insists that it will seek a wage rise of an average $1.68 a week to take effect next June, which could endanger the advantages of devaluation by increasing the costs and prices of British exports...
Preventing Erosion. Under terms of the settlement, which is expected to be ratified handily by the rank and file, the $4.68 an hour that the average G.M. worker now gets in wages and benefits would rise by about a dollar over three years. Agreement on non-economic matters was not so definite. On elimination of jobs through automation, for example, the two sides agreed to set up a committee that would merely try to prevent what Reuther calls "erosion of the bargaining unit...
...Council of Economic Advisers assured them that a turnaround was coming. Now that orders are finally picking up, the steelmen claim that the increase in business is too little, too late, and based on artificial conditions rather than on an upsurge in the economy. They credit the rise to the fact that automakers and other major steel users are stockpiling with an eye towards next summer, when the United Steelworkers are threatening to strike. Another major cause of friction between the industry and Washington is the Administration's refusal to levy higher duties on imports of cheaper foreign steel...
...cover the U.S. commitment to the seven-nation international gold pool in London. Meeting secretly at the Bundesbank in Frankfurt when Britain devalued, the pool governors determined to continue sales of gold at $35 an ounce in order to thwart speculators who bought in hopes the price would rise-which would, in effect, devalue the U.S. dollar. The big payment by the U.S., which has a 59% share in the pool, by no means represented the total cost of the defense. Britain, West Germany, Italy, Switzerland, Belgium and The Netherlands, who hold the remaining 41%, also contributed heavily in defense...
Meanwhile, the airlines have watched the Concorde price tag rise from the original estimate of $7,000,000 to $21 million per plane, including spare parts. Option signers have deposited about $300,000 for future delivery...