Word: rose
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Dates: during 1960-1969
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Still, not all did well. Britain's exports rose only 45% during the same period. And while the U.S. remained the world's biggest salesman, its growth of 91% in total trade over ten years rates only two cheers. In fact, the U.S. is on the verge of a crisis in exports...
...argued that exports, which rose from $22 billion in 1963 to $33.5 billion this year, have accounted for a remarkably steady 4% or so of the nation's gross national product. But just keeping lip with the G.N.P. is not getting ahead in the world. Since 1960, the U.S. share of world exports-one of the best measures of the nation's global economic power-has shrunk from more than 25% to around...
...Small Giant. Now McCracken will head a 45-man staff. Though the council is a pygmy among Washington agencies in terms of size, it can be a giant in influence. Started in 1946 by President Truman, the council rose to real power when John F. Kennedy appointed Walter Heller to be chairman in 1960. Heller was the leading advocate of the Keynesian "New Economics"-the policy of flexibly adjusting taxes, Government spending, and the money supply to influence the economy -and he sold Kennedy on the idea of cutting taxes to stimulate business and employment. His successors, Gardner Ackley...
...capital spending has improved largely because general business conditions are looking better. Demand for steel is strong; output has climbed for four straight weeks. Sales of 1969-model autos have been racing at a record annual rate of 10.3 million cars (see story, p. 94). New factory orders rose 4% in October, the biggest improvement this year. Sales of new houses are increasing despite punitive price tags and pumped-up mortgage rates. Housing starts will probably rise from 1,290,000 in 1967, to 1,500,000 this year. Building-industry analysts anticipate about...
...Privileged Customer. Erratic manufacturing quality control and increasingly complex parts result in cars that break down far too often. The price of replacement parts rose 52% from 1960 to 1967. At last week's hearing, the Senators were particularly disturbed by the discrepancy between prices for work covered by auto manufacturers' warranties and prices on nonwarranty jobs. The automakers pay for the warranty work and they allow the repairman only a 25% profit margin. But on other repair jobs, the markup runs 40% and more. Garages also tend to offer discounts to such big customers as insurance companies...