Word: upwards
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...unwanted dollars, but a revaluing country must resign itself to seeing its export prices go up. Even so. West Germany revalued the mark last year, and Canada is currently letting the price of its dollar rise in relatively free trading. Some European central bankers foresee a series of upward revaluations, in about a year or 18 months, of the Swiss and Belgian francs, the Dutch guilder, the Japanese yen, and probably the German mark again...
...said. "There will be more inflation in our future than in our past because of our bipartisan commitment to high employment. Signs of economic weakness will get a faster Government response than in the past, and both business and consumers know it. This assurance will give an upward bias to wages and prices." In sum, businessmen and consumers will go on spending during a slide because they will take it for granted that the slump will be short-lived...
...businessman's President has made several attempts to coax stock prices upward and offer an illusion of prosperity. On April 28, after the Dow closed at 724.33, the lowest since the day John Kennedy was killed. Nixon spoke of his absolute faith in the economy and said that he would, himself, be buying stocks now if he had money to spare. Presumably investors were to believe in Nixon and buy stocks, making the market rise . . . By May 5 the Dow Jones Industrials had fallen to 709.81. And the Dow closed Friday...
...National Guardsmen last week, dissent against the U.S. venture into Cambodia suddenly coalesced into a nationwide student strike. Across the country 441 colleges and universities were affected, many of them shut down entirely. Antiwar fever, which President Richard Nixon had skillfully reduced to a tolerable level last fall, surged upward again to a point unequaled since Lyndon Johnson was driven from the White House. The military advantage to be gained in Cambodia seemed more and more dubious (see THE WORLD), and Nixon found that he had probably sacrificed what he himself once claimed was crucial to achieving an acceptable settlement...
...Milliken cut several of its plants back to a four-day week. But much of that can be attributed to the overall slowdown in the economy. Actually, the U.S. textile industry has increased its sales from $13.8 billion in 1960 to $21.3 billion last year, and employment has edged upward from...