Word: cuttingly
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Dates: during 1970-1979
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...increase their profits. The ICC must contend with 16,600 regulated truck lines-at least one in every congressional district, truckers like to point out-and most are united in the belief that lowering rates and letting new firms enter the business will not generate more cargo, but only cut profits for everybody. The Teamsters Union stridently opposes deregulation too; the 300,000 members covered by its master freight agreement have won fat wage and benefit increases that truck lines have been able to pass on to customers by posting rate hikes rubber-stamped...
That will require legislation-either Kennedy's bill or one that the ICC and the Administration are drafting-and it will be hard fought. Truckers contend rate freedom will lead to cuts that will bankrupt small lines, which will be gobbled up by big ones that will then raise rates higher than ever and cut off service to remote towns. A new truckers' lobby called ACT (for Assure Competitive Transportation) has circulated petitions calling for O'Neal's resignation, a demand that Teamsters President Frank Fitzsimmons echoed in a letter to President Carter in mid-January...
...deregulation bill through Congress may take three years. Prospects are brighter for a 1979 bill giving railroads more freedom to set rates; railmen are for it. Interestingly, O'Neal doubts that rail deregulation will do much good. He fears that it would be used to hike rates, not cut them, and considers trucking deregulation more important. Since trucks haul just about everything that Americans buy or sell, he is probably right...
Just to be prepared, DOE has drawn up contingency plans that begin with compulsory allocation of supplies to industry and culminate in actual gasoline rationing for the public. If Iranian production has not been substantially restored, and if voluntary measures have not cut consumption, then mandatory allocation will be brought in on a trial basis If stocks are still not being rebuilt, rationing would be imposed. Each car owner would be sent ration checks every three months specifying the number of gallons he could buy. The checks could be turned in at banks or other financial institutions in return...
...need for medical help. Most discouraging, apnea is almost certainly not the sole cause of SIDS (one Boston specialist puts the incidence rate at anywhere from 5% to 90% of all SIDS cases), so the alarm can only be a stopgap measure. But it should at least cut the infant death toll...