Word: digit
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Dates: during 1970-1979
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...list of special-interest laws and regulations is still growing, despite howls from economists that they are serious contributors to double-digit inflation. Last week, for example, the Civil Aeronautics Board approved guidelines that would put a floor under fares charged by charter airlines on flights to Europe. Its action sets the stage for a possible 35% rate rise by 1975. A bill that is now in Senate-House conference and is expected to speed to the White House shortly would require that almost one-third of all oil imported into the U.S. be brought in aboard American-made ships...
INFLATION will continue steaming along at double-digit levels through the year's first quarter, then begin tapering to as low as 7% or 8% by year's end, as measured by the Consumer Price Index. A main reason will be economic slowdown in other countries, as well as a moderation in commodity prices. Robert R. Nathan, who heads an economic consulting firm in Washington, feels, however, that an effective controls program could reduce inflation by three or four percentage points from current levels. In the absence of tougher Government controls, Joseph A. Pechman of the Brookings Institution...
...evidence tends to support him. The main issue is double-digit inflation. Says one Midwestern G.O.P. leader: "There is no one alive who knows the answer to our economic problems, but the blame falls on Republican shoulders because...
...other troublesome issues. In preparation for the "economic summit" at month's end, he brought 28 noted economists together for the first of eleven minisummits (see ECONOMY & BUSINESS). Later, at the Continental Congress ceremony in Philadelphia, the President predicted that the nation would defeat "the tyranny of double-digit inflation" before the Bicentennial climax in July 1976. As if to set the stage for his pardon of Richard Nixon, Ford also announced that on the ticklish issue of amnesty for Viet Nam War deserters and draft evaders, he plans to create a clemency review board to set policy...
...daily consultation among the West's major economic powers to mesh policy. President Giscard has called for a summit of the Common Market nations' leaders. If solutions do not emerge soon, Europe could be on its way either to astronomical inflation or mass business failures and double-digit unemployment. These conditions, if allowed to fester, could eventually produce massive disillusionment with Europe's seemingly powerless democratic institutions. The specter of such disillusion makes many Europeans edgy. For widespread despair would no doubt encourage the demagogues of the extreme right and left, as it did in the 1930s...