Word: effect
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Dates: during 1970-1979
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...Southern California's San Gabriel Valley, TIME Correspondent Robert Goldstein surveyed the effect Proposition 13 will have on one community. His report...
...November. It would limit the property tax to 1½% of market value, which would decrease the average homeowner's tax tab by one-third. "The measure could be very difficult to defeat," warns Robert Ridgley, recently retired chairman of the Portland public school board. He fears that the "effect on schools would be devastating." Supporters of the proposal blame the state legislature for its failure to curtail the property tax long ago. Says State Representative Al Shaw: "The legislature's attitude has been to sit tight and wait for things to blow over. Things won't blow over this time...
...other trouble spots. The Administration also realized that in underscoring its opposition to Soviet-Cuban adventurism in Africa, the U.S. must not appear to be embracing the policies of South Africa and Rhodesia, whose governments have quietly hoped that the recent troubles in Zaïre would have the effect of reducing Western pressure on Pretoria and Salisbury for racial reform...
...longer seems such a wild exaggeration. They have been filling the air with complaints that auto and property insurers, though they usually pay off if pressed, often turn around and penalize claimants by canceling policies, refusing to renew them, or raising premiums so high that the policyholder in effect winds up paying for an accident himself...
...that countries without controls generally have more stable prices-for example, Germany with a rate of 2.7% and Switzerland with 1.7%. Austria, the Benelux countries and even Britain have also done better than France lately. Although designed to keep prices down, controls actually lift them by eliminating competition, in effect turning all industries into cartels. Discount stores are far scarcer in France than in West Germany or the U.S. Since businessmen know that the government will usually give in to demands for price rises, companies have little incentive to gain an edge by keeping costs, especially wages, under control...