Word: tapers
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...June, double May's increase. The rise was led by the higher cost of food, particularly meat. But prices should begin to slow down later this year as lagging beef and pork production picks up, and as unsustainably high rises in services and medical costs taper off. Clothing and furniture prices should level out this month. Nevertheless, over the past twelve months, the dollar has shrunk in value...
...figured to do," says Goodyear Chairman Russell DeYoung. "But next year we'll be looking at all our proposed projects with more caution. Possibly outlay will be down." Adds a Firestone official: "Some cutbacks are likely next year." Demand for business loans has begun to taper. The Federal Reserve Board last week announced that loans at major banks declined in July for two weeks, dropping by $262 million to $78.3 billion. One consequence is that interest rates are beginning to lessen, if ever so slightly. A string of three big recent bond issues -Weyerhaeuser, National Cash and Dow Chemical...
Sooner or later, the great migration had to taper off. After a quarter of a century, the revolution in agricultural techniques finally produced a kind of demographic equilibrium. One farmer now feeds and clothes 42 other people. His spread averages 377 acres, 30% larger than a decade ago. And this evolution has ensured his survival...
There is reason to expect that next year demand will taper and the price spiral will slow. The tax increase is finally beginning to take effect: the after-tax income of the average American, which rose at an annual rate of $36 in this year's first quarter, increased $20 in the second quarter and only $4 in the third quarter. On Jan. 1, the taxpayer will be hit with an increase in Social Security taxes; the maximum payment, for people earning $7,800 a year or more, will go up from $290 to $374. On April 15, millions...
...Tycoon Problem. Soon given the added authority of chief executive, Wellman cut expenses and tightened operating procedures until First Charter Financial had developed one of the industry's most economical operations. But he ran into trouble with British-born Centimillionaire S. Mark Taper, the chairman, who had long run the company as a private fief. "My biggest problem has always been dealing with tycoons," Wellman says. "Perhaps it's because at heart I'm one myself." The two strong-willed men clashed over everything from loan policy to salaries for other executives, and Wellman resigned...