Word: cents
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Dates: during 1970-1979
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...appalling. When discussing deregulation of competitive industries in his State of the Union address, he shrewdly avoided mentioning his efforts to raise prices in one of the most concentrated, oligopolistic, profitable industries in the economy--big oil. Not only do the top eight petroleum refining companies possess 14.5 per cent of the the market, they also control the other stages of the production process. And as anyone who has taken Ec 10 knows, the oil industry does not fit the classical model of perfect competition. The vertically integraged oligopoly does not set its prices at MC equals...
...Carter's most recent press conference, one reporter asked the president to react to the fourth-quarter profits of the oil companies which reached 48 per cent, 72 per cent, 44 per cent and 134 per cent in light of the president's request that workers in the oil industry hold their wage demands to seven per cent. Carter answered that, like all good Americans, he would "like to see a good balance between prices and profits...
...SUPPORT of higher interest rates at the Federal Reserve Bank is inflationary, as well. Since January of 1977, the Federal Reserve Bank has increased its interest rate ten times, pushing the commercial rates even higher. In January of 1977 the interest rate offered by private banks was 6.25 per cent. T. Rowe Price Associates, a large Baltimore investment firm, predicts the rate will double to 12.5 per cent...
...proposed plan. labeled HealthCare, would pay at least 75 per cent of the cost of all hospital bills, physician's fees, prescription drugs and outpatient services. Individual patients would not have to pay more than a "limit" of $1500 a year...
...effort were Murray Dea's penalty-killing, and Hynes' 26-save two period performance. With freshman Scott Powers in the penalty box for tripping midway through the second, Dea frustrated the P.C. powerplay and improved Harvard's goals against average in man-down situations to a measely 18 per cent...