Word: upward
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Dates: during 1970-1979
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There was healthy news on other fronts. Despite the bitter winter weather, the nation's total output of goods and services was revised upward to an annual rate of 6.4% - adjusted for inflation - during the first quarter. The preliminary figure released in April - 5.2% - was some what less rosy because earlier guesstimates about the pace at which businessmen were rebuilding their inventories had been too low. Industrial production remained strong in April, rising by nearly 1%. Although housing starts, at an annual rate of 1.8 million, were down from the March level, they were still an impressive 35% ahead...
...SAVILLES' RELIGION is, in fact, upward mobility, and it is this which is to be their gift to Colin. To evade the mines, the eternal sameness and the dirt of pit life--for this, his parents' goal, Colin must struggle to harmonize the different requirements of village and school. The task is almost impossible. Returning home by bus while his more prosperous schoolmates take the train, Colin encounters an increasing demand for sacrifice and his parents' barely concealed scorn for the life they have foisted...
...eliminating what is known as double indexing. A revision of the Social Security law five years ago tied increases in the wage base, on which Social Security payments are figured, to the inflation rate. At the same time, benefits were also indexed to inflation, virtually guaranteeing a steady upward spiral in payments. If this system were to continue, some workers might make more in retirement from Social Security than they earn on the job. On the average, retired workers currently receive benefits amounting to 43% of the salary they had when they were working; the Administration wants to keep that...
FRANCE remains a convalescent. Though industrial output had edged upward to 89% of prerecession heights, inflation remains at 10% annually. Unemployment, at more than 1 million, or just below 5% of the labor force, is unacceptably high, providing the Communist-Socialist alliance with ammunition. Refusing to yield to pressures for a major reflation, Premier Raymond Barre now plans to pump only a modest $800 million into the economy during the next year. Businessmen, fearing a victory of the Communist-Socialist alliance in the 1978 elections, are delaying investments...
CANADA is handicapped by high labor costs, pushed upward by four years of inflation., Canadian goods are being priced out of the world market, creating a sizable trade deficit ($1.1 billion in 1976), a flight of investment capital and a fall in the value of the Canadian dollar (it is now worth only 94?-96? U.S., compared with $1.03 in late 1976). At 8.1% of the work force, unemployment is the highest since the government began collecting figures...