Word: rosing
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Dates: during 1970-1979
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...easygoing Campbell worked as a lineman for Southern Bell Telephone Co. and a tractor dealer, then joined the Calhoun bank in 1968. He rose to vice president in three years. But Campbell apparently found his $18,000 salary inadequate. Beginning in 1971, he began diverting bank funds to his own use, pumping the money mainly into a 460-acre Angus cattle ranch he bought near Calhoun. His main technique, curiously risky in such a small town, was to take out loans in the names of other people and even a local church He filed all the proper papers, then pocketed...
...years ago, the unions voluntarily accepted government-proposed guidelines that limited wage increases to ?6 in 1975-76 and 4½% in 1976-77. But after last year, in which prices rose by 15%, workers decided they had had it; unions throughout Britain announced that they intended to seek gains of 20% to 100% beginning this autumn. For Callaghan, the unions' actions threatened a political crisis as well as an economic one: Liberal Party leaders warned that they would withdraw their crucial 13 votes in the House of Commons from the Labor government unless it effectively restrains wages. Chancellor...
...real world between 1970 and 1976, the median income of American families and consumer prices generally both rose about 47%. But, reports the M.I.T.-Harvard Joint Center for Urban Studies, the median price of existing houses jumped 65%, from $23,030 to $38,100. Worse, newhouse prices shot up 89%, to $44,200. The growth in size and quality of the houses brought part of this great increase, but most of it was produced by housing inflation...
These price increases are of course reflected in the monthly costs of owning a home. The costs?including mortgage payments, insurance, property taxes, heating, electricity and maintenance?rose 73.4% for older houses and 102.3% for new ones. The economists and other scholars who wrote the M.I.T.-Harvard study say that if house prices rise as fast, and incomes grow no more rapidly, over the next five years, "typical new homes in 1981 would sell for $78,000 ... the U.S. would become less and less a nation of homeowners...
...million last year. One day last week 9,000 new cases were recorded in New Delhi alone. Sri Lanka, Pakistan and African countries south of the Sahara have also reported spectacular rises in the disease. Central America has been extremely hard hit; in Honduras, for example, malaria cases rose from 7,503 in 1974 to 30,289 in 1975 and 48,804 in 1976. El Salvador, poorest and most densely populated of the Central American republics, was stricken with a rise from 66,691 cases in 1974 to 83,290 in 1976. Nicaragua and Guatemala have also reported significant numbers...