Word: rose
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Dates: during 1970-1979
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...malpractice awards were causing it to lose money, Argonaut last January announced that beginning in May it would raise its premiums for Bay Area physicians by 200% to 300%. Most physicians reluctantly purchased at least temporary-and limited-coverage, but few of the area's anesthesiologists, whose premiums rose from $5,377 to as high as $22,704 per year, renewed their policies; the rest refused to perform nonessential work...
...than they needed as a hedge against rising prices. Users also bought extra steel because they worried that a lack of coal caused by a miners' strike last year would bring a metal shortage. With production running at optimum capacity, efficiency at the mills increased and operating costs rose only slowly...
Singapore's economic dependence on the multinational corporations has hit it hard in these days of stagflation. The consumer price index rose 40 per cent in 1973. Tens of thousands have been laid off, while many more have had to accept shortened work weeks and other wage cuts. The state of the world capitalist economy has also provided the multinational corporations with an excuse to reduce operations in Singapore and move to greener pastures in other countries offering even lower wage rates and other investment incentives...
...threat of excessive federal spending still concerns many economists more than the prospect of an overly slow recovery. Testifying before the Senate Banking Committee last week, Arthur Burns, chairman of the Federal Reserve Board, conceded that unemployment, which rose last month to 8.9%, is now the nation's No. 1 economic problem. To assist the economy's recovery and ease unemployment, Burns pledged that the Fed would increase the nation's money supply by 5% to 7.5% until next March. It was the first time that the Fed had ever specified monetary targets in advance; Burns...
...Unfortunately, last week's economic news indicated that it will be some time before the pressure lifts. The index of leading indicators in March continued its downward trend. New orders to manufacturers fell 3% in March after a February rally, the sixth decline in seven months. Farm prices rose 4% in April, meaning that the present low inflation rate of 3.7% is likely to edge upward...