Word: billings
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Dates: during 1970-1979
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...over the hotlines are generally given a day to adjust the thermostat before they face fines or jail sentences. "Our big club," says Chicago Building Department Director Nick Fera, "is that we can haul a landlord into court within 24 hours." That may not deter a landlord whose fuel bill exceeds income from his building. "In such cases," says William Moses, chairman of a New York landlords' association, "owners are forced to abandon. That means a pretty grim winter...
...Monitor questioned NBC's news judgment. CBS and ABC up braided NBC for violating a standard TV news canon against awarding terrorists an unedited platform for their views. "That is a right we don't even give the President of the United States," insisted CBS News President Bill Leonard. Said ABC News President Roone Arledge: "It was not television's proudest moment...
...profits tax on the oil industry, Jimmy Carter was considering a steep new federal tax on retail gasoline. His economists argue passionately for it, but his political advisers worry about a backlash at the polls in November. Illinois Congressman John Anderson, a dark horse Republican presidential candidate, submitted a bill calling for a tax of 50? per gal., with the revenues to be used to chop Social Security taxes approximately in half. That measure would help cut consumption by moving the price of the fuel closer to the level that most of the rest of the world already pays...
...developing countries' oil-import bill jumped from $4 billion in 1972 to about $44 billion this year, and some have-not nations are openly complaining about OPEC. The worsening crisis over crude prices may create an ideological dilemma for Third World leaders like Tanzania's Nyerere who were originally strong supporters of commodity cartels...
Cutting back on consumption is not enough. Tanzania uses roughly half as much petroleum as in 1972, but its oil bill has risen 900%, and now eats up half of all earnings from the country's exports. Complains Rodrigo Carazo, President of Costa Rica: "Our 1972 oil needs cost $11.8 million. Our 1979 needs will cost at least $103 million. The barrel of oil that we could buy in exchange for 57 Ibs. of bananas or 3 Ibs. of coffee in 1972 now costs us 440 Ibs. of bananas or 24 Ibs. of coffee...