Word: costs
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Dates: during 1970-1979
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...phantom cleaners. When the Chicago firm sent a representative to see its equipment, he was, according to a Justice Department official, "given a little bit of the run-around." Estes and associates are accused of taking the proceeds from the sale of the steam cleaners, paying the leasing cost and pocketing the remainder...
Unfortunately for the President-elect, the bloom has vanished from the Brazilian boom. Largely because of heavy petroleum imports, the national debt has reached $40 billion and inflation is running at 40% annually. A "cost of living" movement has collected more than 1 million signatures in Sao Paulo alone on a petition demanding price freezes and wage hikes. At the same time, there is a potentially dangerous split among the generals: many of them oppose any further liberalization and object to the fact that Geisel himself selected a successor instead of seeking a consensus...
REGULATORY REFORM. Carter will probably propose a "regulatory calendar" that would require all federal agencies to list the regulations that they intend to impose on business during the year, the effective dates and a cost-benefit analysis of each. The idea is to avoid a pile-up of regulations that would subject business to inflationary cost increases...
This will add up to the largest tire recall in history, and the company estimates that it will cost up to $230 million - or twice as much as last year's earnings. That may be an inflated estimate, but in any case, Firestone will be able to deduct the expense from its income taxes...
...life. It is fast, efficient and cheap. European air travel, on the other hand, has been fast, efficient and expensive. National air carriers divide up the market and, lacking stiff competition, charge pretty much what they please. Until last month, a 213-mile Paris-London flight cost twice as much as a 205-mile New York-Washington trip...