Word: costs
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Dates: during 1970-1979
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Winter navigation on the Great Lakes, besides making tedious and costly work for Coast Guard icebreakers, is a highly touchy issue. The Mac's mission is part of a seven-year, $27 million experimental program, now in its last year, to determine whether or not winter navigation is practical. The folks in the steel industry, led by U.S. Steel, believe it is. Giant ore boats now cost $50 million to build, and the industry wants to use them all year for a better return on its money. Year-round navigation also provides a steadier flow of taconite to steel...
Jimmy Carter insisted that the bill had to be passed. Alfred Kahn, the Administration's anti-inflation strategist, declared that it would contribute more to curbing the rising cost of living than any other piece of legislation. HEW Secretary Joseph Califano termed it "the litmus test" for all members of Congress "on whether or not they have the guts to do something about inflation...
...barrage of rhetoric, which seemed a shade inflated itself, was supporting the Administration's 1979 version of a hospital cost containment bill that passed the Senate last year but failed by one vote to clear a House committee. Vowing to lead a more determined fight for passage this time, the President plugged the bill at a special White House press conference last week. He cited an alarming statistic: only ten years ago, a patient paid $533 for an average stay in a hospital; the average hospitalization now costs $1,634. An HEW study found that Americans spent less than...
...furor over The Warriors has made everyone in Hollywood a little nervous. But it cost less than $6 million, and its receipts, $14.6 million so far, are likely to drown any second thoughts about releasing the rest of the gang films...
...industry is barreling head on into the energy crisis that is changing American auto-buying habits. Cars and trucks use up 40%, or 7.4 million bbl. a day, of all the petroleum burned in the U.S. The oil price explosion has sent the average cost of gasoline from 350 per gal. four years ago to 700 today, and that figure is sure to rise as a result of the latest increases by Iran, Kuwait, Libya, Algeria and other OPEC members. Spot shortages of low-polluting unleaded gasoline are already occurring, and its price is expected to climb...