Word: digital
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Dates: during 1970-1979
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Nothing deterred him. Three times Jarvis tried and failed to get property taxes rolled back. Suddenly, in the past year, soaring property taxes, ever-rising state and federal taxes and the prospect of double-digit inflation combined to wed Jarvis' obsession to the public's anger. The old gadfly has become a kind of California folk hero, an unlikely St. George to voters who hope that he can deliver them from the tax dragon...
Just as everyone had feared, last week's inflation figures were a stunner, and the most appalling thing about them was the high cost of eating. Not only does April's .9% rise in consumer prices mean that the economy is once again in double-digit inflation?11.4% on an annual basis ?but food prices are climbing more than twice as fast, 23.8%. The rise is turning the nation's supermarket shoppers into an army of walking wounded and making grossly naive the Administration's January prediction that food prices would go up by only 4% to 6% this...
Last winter's foul weather is certainly part of the reason for the double-digit helping of food inflation...
...needed. The Government reported last week that wholesale prices in March rose at an annual rate of 7.4%-seemingly encouraging, since the February rate had been a staggering 14%. But the increase for the whole first quarter ran at an annual rate of 9.6%, within reach of the double-digit range that separates merely unacceptable from runaway inflation. G. William Miller, the new chairman of the Federal Re serve Board, projects that inflation for the year is likely to average 6.5% to 7%. a higher forecast than the Administration's official prediction, but one that seems more likely...
...Bosworth inflation alert landing on the President's desk. His memos have attacked the nation's doctors for raising their fees 50% more than the increase in the cost of living last year. He has accused farmers of asking for crop subsidies that might create double-digit food inflation next year. He has criticized Congress-and indirectly even the White House-for appearing to cave in to the farmers' demands. Bosworth has also become an effective jaw-boner. Two weeks ago. he masterminded the Administration's successful effort to prevent the nation's steelmakers from...