Word: steeper
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Dates: during 1970-1979
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Whitlam belatedly came up with an anti-inflation program of his own, but many middle-class people in Sydney or Melbourne, who see only higher prices in the supermarket and steeper mortgage rates for new houses, may blame him nonetheless. Beyond that, some Australians who were initially attracted by Whitlam's energy and decisiveness were worried that he is now doing too much too fast and that he had basically misinterpreted the conservative, traditional temperament of his countrymen. Whoever wins, Australian politics will never again be so simple and placid as it has been for most of the past...
...output fall far short of domestic consumption; it did not even match the 9.7 million bbl. per day that the nation produced at the peak in 1971. The speed at which U.S. oil wells are operating is fast draining the nation's proven reserves. The outlook is for steeper production declines unless new sources of oil can be found...
...election campaign, he will win the presidency. In Seattle, McGovern argued: "I've had to fight uphill every single step of the way in 16 years of public life, so this is nothing new to me." But as the time until November was diminishing, that hill was getting steeper...
Even these dubious calculations would oblige McGovern to raise $27 billion in new tax revenue. He says that most of this would come from steeper taxes on U.S. families that earn more than $20,000 a year. He once estimated the average net tax increase in the $12,000-to-$20,000 bracket at a mere $21-whether per person or per family was not clear. Later he revised the calculation to $50 per person-or $200 for a family of four. In fact, one computer run showed that the tax increase on families...
...productivity gains, about 3% to 4% yearly. Delfim also eased price controls; that gave a lift to production, but certainly did not help slow inflation. Last year prices accelerated by 20%, which would be horrendous almost anywhere except in Latin America, where many countries have often suffered even steeper price increases...