Word: peak
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Rusty Machinery. Generally, Administration economists are suspicous of the reasons given for the price surge. They concede the need to prop profits against the pressure of higher wage, transportation and other costs. But with industrial plants running at a slack 85% of capacity (v. last year's 91% peak), they also suspect business of using any pretext to raise prices in order to reap a windfall of earnings as the economy picks up. Reflecting this root distrust, Ackley recently took special pains to chide the rubber industry for following a strike-forced labor settlement that was "clearly...
...went up an average 19.8%. Un employment, probably the most sensitive problem for Germans since the Wirtschaftswunder all but erased it, dropped almost 5% in August, to 1.7% of the labor force, still an uneasy fig ure compared with the 1% of August 1966, but way down from a peak of 3.1% last February...
...efforts to doctor Britain's faltering economy with doses of austerity, Prime Minister Harold Wilson has lately managed to look more like a quack dispensing dubious pills. Unemployment climbed to a 27-year peak of 559,000 last month, and that total is generally expected to reach 750,000 by winter. Industrial production has stagnated for nearly a year. Foreign-exchange earnings, the crucial source of support for the British pound, have risen, but at a disappointing rate. Under increasing critical attack both within and without his own Labor Party, Wilson last week called up a surprise reinforcement: himself...
...tireless traveler and telephoner who at his peak managed 75,000 air miles a year and $300,000 worth of telephone bills, he also kept in almost daily contact with Edgar in California, made trips to the mainland to keep an eye on his holdings. He returned ill from his last trip in June, was taken off the airplane in an ambulance, died of what was described as circulatory ailments. He fell short by 15 years of a final ambition to live...
Administration to believe that the outlook for business is undeniably bullish. ∙INDUSTRIAL PRODUCTION. Like most of the indicators, once lackluster industrial production is joining the general upswing. Having slumped from its December peak of 159 (based on the 1957-59 standard of 100), the index for output in July recovered and climbed back to 156.3. Lending a helping nudge were major strike settlements in the television and rubber industries. In July there were also rises of 3.6% in mining output, 3% in electrical machinery production and 2% in auto manufacturing...