Word: east
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Dates: during 1970-1979
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...example, that he had built Scotto a swimming pool cabana for free at his Catskills summer home. Scotto answered that he had paid $10,200 for this work but that he had paid in cash. Scotto also acknowledged that he acquired a 13% interest in a multimillion-dollar East Side apartment building for only $26. He dealt mainly in cash, he said, to thwart the continuous harassment by Government agents...
...within the past year, is now selling for $60,000. But some whites take a dimmer view of the future. Says a Salisbury businessman: "The whites are living in a cuckoo land if they think nothing is going to change. The Patriotic Front has already held meetings with the East Germans on how the economy should...
Officially, as the Russians and their East European satellites see it, inflation is a disease unique to capitalism. "With the exception of the war years," triumphs Nikolai Glushkov, chairman of the Soviet State Committee on Prices, "there has never been any inflation in the U.S.S.R., nor does any exist today." Now let us all laugh, comrades. The East bloc, like the West, is suffering a severe dose of rapidly rising consumer prices. It is not called inflation but "an adjustment in the state pricing structure." Inflation by any other name stinks as badly...
Rumors of forthcoming official price rises constantly sweep East bloc countries and produce sporadic shortages as shops are cleaned out. Buyers also suffer from hidden prices that the state slides in without fanfare. A product-for example, a $45 electric razor-suddenly might be given a new model number, a different color or a fresh package, and a new price...
...West, a major reason the East bloc's surging prices is the inflation in world oil. Russia is energy self-sufficient, and it supplies European satellites with about 80% of their needs. The prices of that crude are based on an OPEC formula, and they are going up-albeit at a slower rate...