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...convince the public that the new Administration will use its political honeymoon period to push through major economic measures. Oil deregulation was the most significant of the week's decisions. Although it is expected to raise the price of gasoline by anywhere from 30 to 120 per gal. by the end of summer, the action will eliminate many of the distortions caused by artificial price restraints and gasoline allocation during the past decade. The controls were due to expire on Sept. 30, in any case, but the President decided to act now in order to send a signal...

Author: /time Magazine | Title: Taming the Monster | 2/9/1981 | See Source »

...teens. The state's vegetable crop was almost totally destroyed. Ice formed in 90% of Florida's oranges, and only those immediately harvested and processed could be saved. Preliminary destruction is estimated at 20% of the state's orange crop, a loss of 49 million gal. of concentrated juice. Wholesale prices on canned concentrate immediately jumped...

Author: /time Magazine | Title: Too Cold, Too Hot, Too Dry | 1/26/1981 | See Source »

Carter, who campaigned in 1976 on a pledge to balance the budget by 1981, was obviously trying to leave office with as small a deficit as possible, and he sometimes used mirrors to accomplish that. His revenue estimates, for example, include $13.1 billion from a proposed extra 10?-per-gal. tax on gasoline. Congress has often made it clear that it will not increase the tax on gas. Carter also proclaims that the annual pay raise for federal employees in October will be held to 5.5%. Such restraint seems unlikely; last year Carter initially suggested a 7.8% civil service...

Author: /time Magazine | Title: Carter's Farewell Budget | 1/26/1981 | See Source »

...which are large trash bins used at construction sites, almost trebled to $72 a month during the same period. But the two entrepreneurs found ways to cut costs. One gambit was to drive their 1958 International truck across the Mexican border to buy gasoline in Tijuana at 42? per gal...

Author: /time Magazine | Title: The Little Engines of Growth | 1/26/1981 | See Source »

According to Consumer Reports, the 1.4 billion gal. a day of H2O that gush through the city's faucets are fresher, clearer and "more stimulating" than all 37 varieties of commercial bottled water tested. For those who insist on decanting their liquids, Macy's is even selling the stuff with a spritz of carbonation under the gold label: CELEBRATED NEW YORK WATER -THE DRINK OF MILLIONS. The price...

Author: /time Magazine | Title: Living: Odds & Trends: Jan. 19, 1981 | 1/19/1981 | See Source »

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