Word: cutback
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Dates: during 1970-1979
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...PRICES. The average price of crude oil produced in the U.S. will be rolled back from the current $8.75 per bbl. to $7.66 per bbl. in February (imported oil costs roughly $13 per bbl.). The cutback will amount to about 1? per gal. for gasoline and home-heating oil, but Federal Energy Administrator Frank Zarb doubts the savings will be passed on to consumers. Reason: all of the rollback will be absorbed by the rising costs of suppliers' operations. Increases in the price of domestic crude oil will be limited to 10% a year until May 31, 1979, when...
...dollars by singing in church. Friends from Morris Catholic High School, from which Karen graduated in 1972, describe her as quiet, but popular with the boys. Her employer at a ceramics company in Ledgewood, N.J., where she was a production worker until she was laid off in a company cutback in August 1974, remembers her as a good, hard worker...
...time is running out. Rohatyn warned that without federal help, New York may have to default by December. That would ruin the city's credit, force a drastic cutback in services and probably cause an exodus of major corporations. Said he: "The flow of blood would be irreversible...
...speakers at the rally encouraged students to use political pressure to resist the budget cuts. The crowd responded with shouts of "eat the rich" and "they say cutback, we say fight back...
William S. Olney '46, director of special projects, said a cutback in a number of large one-time gifts from Japanese corporations explained the drop in total corporation gifts...