Word: formulaic
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Dates: during 1970-1979
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...reinforced segregation. By establishing so-called "optional" schools in mixed neighborhoods, it has encouraged whites to escape integration. While the state government has provided funds for the transportation of pupils in the suburbs, until recently it has offered no aid for busing in the city. In addition, its formula for aiding schools penalizes poor blacks; suburban communities are able to spend more on their schools while paying a lower tax rate. Despite this bill of particulars Roth wondered if it might be beside the point. "It is unfortunate that we cannot deal with public school segregation on a no-fault...
...imports, for as long as it took to accomplish the goal. But at the IMF meeting, Connally dropped the requirement that the U.S. must be in the black before it would scrap the surtax. Instead, he said at a press conference, what was needed was "assurances that a formula and procedure is agreed on that will rectify" the U.S. imbalance. The U.S. will chuck the surcharge, he promised, provided that other governments 1) "make tangible progress toward dismantling specific barriers to trade," and 2) "allow market realities freely to determine exchange rates for their currencies for a transitional period." Texan...
Government would establish a guideline for wage and price boosts, based on a formula of "productivity-plus." Workers would be allowed increases reflecting the average increase in output per man-hour throughout the economy, plus perhaps half the rise in living costs that had occurred in the previous twelve months. Under this formula, wages and benefits would go up about 5%, v. an average of 8% or more in each of the past two years...
...deduct $774 million in "excess profits" from the compensation due to Anaconda and Kennecott (Cerro's mine began production only last year). In effect, that means that the two companies will receive not a penny for their properties. The $774 million figure was arrived at through a complex formula. The Allende administration estimated each company's average worldwide copper profits over the past 15 years as a percentage of its book value and came up with a figure of 10%. Any profits from the company's Chilean operation that exceeded 10% a year were considered "excessive...
...whites. Ever since 1953, there have been at least two blacks out of work for every jobless white. To compound the problem, blacks have usually been the last hired and the first fired, particularly during a recession. Last week the Bureau of Labor Statistics reported that the old formula is changing slightly. While the number of unemployed Americans rose last year by 1,200,000, to a total of 4,000,000, the racial ratios shifted a bit. All together 8.2% of the black workers were unemployed, and 4.5% of the white workers-a ratio of 1.8 to 1 instead...