Word: upwards
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...after Britain's four-year-old monetary crisis, which has forced Wilson to undertake salvage measures that the unions claim have put an intolerable pinch on workingmen. Britain is mired in its longest period of high unemployment since World War II. Money is tight, and prices have crept upward since last November's devaluation. Britain depends heavily on imports, notably food, and the lowering of the pound's value relative to foreign currencies made imports more expensive. At the same time, to hold down the price of British goods abroad, the government, over bitter union protests...
Sudden Smashup. Before the central bankers hammered out final details of the scheme in Basel, the signs of a monetary storm were all too evident. Buffeted by the Czech crisis and persistent clamor for an upward revaluation of the strong West German deutschmark (a move that was drawing money out of London), the pound had sunk to within a whisker of its post-devaluation low of $2.38¼ in foreign exchange centers. Harold Lever, financial secretary to the British Treasury and a key figure in selling the scheme abroad, noted: "If the agreement had not been achieved, there would have...
Conglomerate Miner. In 1959, the firm added "Mining" to its name in order to reflect newer operations that now account for 65% of its revenues. "Mining is our upward thrust," says Littlefield. The thrust started when Utah decided to adapt its earth-moving skills to open-pit mining projects. It has since become, in effect, a conglomerate miner...
...certain of a customer as well as a supply. Much of the Navajo coal, for instance, will be sold to large Western utilities. They will operate two steam plants near the mine to generate 1,510,000 kilowatts of electricity for six states. The company's newest thrust upward, however, is Down Under, where Utah and two partners will soon be shipping 4,500,000 tons of iron ore a year from the Mount Goldsworthy mine in western Australia. Utah is also developing six deposits of coking coal in Queensland that are among the world's biggest...
Price Scare. The industry is understandably jubilant. At a time of year when they are often backing down, automen are happily revising earlier forecasts upward. Chrysler President Virgil Boyd, in one of the year's more conservative estimates, predicts that 9.3 million car sales are pretty much a certainty. That might very well push 1968 over 1965, when the total sales, including 575,000 imports, added up to a record 9,313,912 cars...