Word: risings
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Dates: during 1960-1969
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...saved about $4,000,000. The net loss, after adding the cost of vandalism, severance pay and guards' salaries, was about $15 million. Since the Herald-Examiner has been making some $15 million-a-year profit and since circulation, ad linage and ad rates are all starting to rise again, Hearst might even wind up slightly in the black this year, despite the strike...
...Federal Reserve Board raised the discount rate three times, boosting it from 4% to 5½%, a 39-year high. The board later dropped the rate to 5¼% , but last week, declaring a new assault on inflation, it lifted the rate again to 5½%. Whether the rise will have any rapid effect is debatable. The causes of inflation are deep, and it will take time to root them...
...course, consumers had plenty of pocket money. Often during the 1960s, they have confounded economic forecasters by spending more lavishly than the experts had expected. This year, they went on something of a spree, correctly sensing that the prices of almost all goods and services were bound to rise. Such expectations become powerful economic forces, creating an inflationary psychology that is now firmly embedded in the thinking of businessmen, labor leaders and investors. Even after the tax increase, consumers rushed to buy practically everything. Their appetite for the well-styled 1969 autos was particularly keen; sales this year will reach...
...make little real progress toward economic stability, either at home or abroad, until it ropes in inflation. So long as prices and demand rise at today's pace, imports will continue to increase much faster than ex ports, and the integrity of the dollar will be doubted...
...from $290 to $374. On April 15, millions of Americans will have to pay out a lot more to cover the 10% surtax on their earnings from April through June 1968, when the surtax was not withheld from paychecks. In addition, with the slowdown in Government spending and the rise in tax revenues, the federal budget may even show a small surplus in the current fiscal year ending June...