Word: decontrolling
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...middle classes part ways, with developers maintaining that rent control retards construction and the residents complaining that the landlords are bleeding them dry. The present line-up in the council is a slim majority in favor of rent control, with the Independents now working on a new plan, "vacancy decontrol," which in theory would only affect transient residents...
...mayor is also against rent control, saying it only helps people attracted by the universities and discourages landlords from upgrading their apartments. He feels vacancy decontrol would restore incentives to landlords, while still protecting long-term residents, and, like several other Independents, wants only a rent review board that would protect against unfair rate increases...
...Ford Administration, most Republicans, and politicians from producing states favor scrapping the controls and letting a free market set the price. Arizona Republican Paul Fannin last week offered an Administration-backed proposal for immediate decontrol; it lost, 57 to 31. Most Democrats, and politicians from consuming states, insist on maintaining some controls to protect gas users against too-abrupt price boosts...
...suddenly and sharply. But it still leaves Congress and the Administration at odds over how best to cut oil consumption, boost domestic production, and make the U.S. less dependent on foreign crude. To accomplish these goals, the Administration favors a gradual increase in prices to be achieved by phased decontrol. The Democratic majority in Congress, stressing the inflationary dangers of letting oil prices rise, prefers to put greater emphasis on import quotas and allocation programs...
...House and Senate must work out the differences in their bills and present a program to the President before the Nov. 15 deadline. But unless the price provisions are drastically altered, the new measure faces almost certain veto by Ford. That would leave the nation again facing abrupt decontrol and zooming prices for oil despite OPEC'S restraint...