Word: risings
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Dates: during 1960-1969
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...This rise of 8.5%* is more than the 6.25% proposed by Economics Minister Karl Schiller last spring. It is also more than the 7.25% revaluation carried out by market forces in the four weeks since the mark was cut loose from its old peg. Schiller called the new rate "the golden mean-courageous but not foolhardy." It was clearly a compromise. Schiller wanted a change large enough to anticipate a continuing higher inflation rate outside Germany, but German industrialists argued for a lower figure. By making German exports more expensive and foreign countries' exports more competitive, the change should...
...Nixon Administration's main plan for helping housing is to stop inflation. Unless that is done, construction, and especially land costs will continue to rise, and mortgage money will become still scarcer and costlier. The result could be a housing famine that no politically conceivable amount of public subsidy could alleviate...
Prices continue to rise partly because the supply of houses and apartments is not adequate. The U.S. has long taken pride in being the best-housed nation in the world, but today-despite its riches and technological power-it has slipped behind the pace of almost every big country in Western Europe in construction per capita (see chart following page). Even the U.S.S.R. puts up more housing than the U.S., though the Soviets' prefabricated apartments are so cramped and shoddy that most would be unrentable to middle-class Americans. George Romney, the Secretary of Housing and Urban Development, calculates...
...that, as Secretary Romney notes, "housing is the first casualty of the anti-inflationary fight." By making credit scarce and costly, the Government has choked off many of the sources of mortgage funds. More than any other U.S. industry, housing depends on private long-term credit. When interest rates rise rapidly, as they have this year, the financial institutions that normally provide most of the credit run short of money. Savings and loan associations and mutual savings banks have been hard hit by withdrawals; depositors have simply shifted their money out of savings accounts paying 5% and put it into...
...group met in Leverett House at 9:30 p.m., where song sheets and candy were distributed. A flower-painted leader in Disneyland T-shirt passed out instructions to "Be Spontaneous," "Make Friends," and "Let the sun rise on the M.B.T.A" The theme of the subway happening was "happiness," taken from the album. "Red Beans and Rice...