Word: costing
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Dates: during 1970-1979
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This week two powerful members of the House Ways and Means Committee, New York Republican Barber Conable and Oklahoma Democrat Jim Jones, will submit a bill calling for a very similar 5-10 depreciation plan. They have dropped the one-year aspect because it is too difficult and costly to determine what kind of federally mandated plant should qualify; for example, regulations require that elevators be installed in 20-story buildings, but no one thinks they should be written off in one year. The kind of expense on which business would like to have relief was highlighted last week when...
...Carter called for a phasing out of interest rate ceilings. This deregulation would have the additional effect of eliminating the differential between commercial banks and savings institutions. The President also recommended that all federally chartered banks be authorized to offer interest-bearing checking accounts. To offset some of the cost of the higher rates for the savings bankers, who lend out their money at long-term fixed rates, Carter suggested that they should be allowed to 1) make some shorter-term, higher-interest consumer loans and 2) offer home buyers variable-rate mortgages that fluctuate with the cost of money...
...growers constitute a mere one-half of 1% of all farm families, but propping up their prices last year cost taxpayers and consumers $2.6 billion in support payments and artificially high retail prices for the sweetener. The subsidy system has also created an ever growing Government stockpile of sugar, currently 193,000 tons, that now lies rotting in Florida and Texas warehouses...
...struggle over sugar is an embarrassment for Jimmy Carter. Eager to slow the rising cost of food, the Administration condemned the bill when it was introduced in the House last February by a coalition of farm-state legislators. But when sugar industry supporters in Congress threatened to retaliate by blocking approval of the international trade agreement that was endorsed last month in Geneva, the White House abruptly switched signals and said the President would support the bill. The turnabout left White House Inflation Adviser Alfred Kahn in an impossible situation. Asked during House Agriculture Committee hearings if he considered...
...other delicacy from the sea seems to excite American palates as much as Homarus americanus, more familiarly known as the lobster. Americans consumed some 50 million lbs. last year, and recent OPEC-style price increases in the retail cost of lobsters (up 145% per Ib. since 1969) have not curbed the U.S. appetite for the clawed crustaceans. By 1985 the National Marine Fisheries Service projects nearly a doubling of demand, to about 90 million lbs. But where will these lobsters come from...