Word: gal
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With auto sales in their worst slump since 1958, it hardly seemed appropriate for anyone - let alone an auto executive - to favor proposals that would make driving more expensive. Yet that is what Ford Motor Co. Chairman Henry Ford II is doing. He wants a 100-per-gal. hike in federal gasoline taxes, with the resulting $11 billion raised annually going to assist the poor and unemployed...
...commodities, prices of most items last week were in creased anywhere from 35% to 200%. The cost of sugar, which already was 21.60 per lb., tripled, and milkwent up 60%. Egg prices jumped 64%, bread 100%, meat 35%. Bus fares will rise 60%, and gasoline 64%, to $1.86 per gal. Fuel oil for industry zoomed up 117%. The standard of li ving of most middle-class Israelis, as measured by prices and income, overnight dropped about...
...subcommittee that the U.S. had no short-term policy for reversing the rise in world oil prices; the remark angered Henry Kissinger. Last month Sawhill sealed his doom. Disobeying White House orders to keep quiet, he went on television to explain his proposal for a 10?-to 30?-per-gal. federal tax on gasoline after the Administration had rejected the idea. Morton said last week that Sawhill was being removed for lack of "executive compatibility." Ford asserted that Sawhill will be offered a "first-class assignment" in the Administration, but no one seems to know what it might...
...major improvement in corporate cash flow through higher prices and profits, as well as vastly more liberal depreciation measures. Growth can also result from major changes in consumption patterns to reduce our intake of imported raw materials and energy. This necessitates drastic action-for example, a $1-per-gal. gasoline...
Much of the 153 million gal. of California table wine consumed annually by Americans is made from plebeian grapes grown in California's hot San Joaquin Valley, blended and sold mostly by the jug. The highly cherished European wines, on the other hand-such aristocrats as Cabernet Sauvignon, Pinot Noir, Chenin Blanc, Sauvignon Blanc-are made only from selected clones whose territory and yield are as strictly regulated as a royal household and sell in general for $8 a bottle or more. In fact, vagaries of the European climate make the great vintages as costly as a Patou perfume...