Word: higher
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Dates: during 1970-1979
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...Governors of New Jersey and Connecticut also instituted alternate-day gas-buying plans. Connecticut Governor Ella Grasso ordered stations to sell no less than $4 worth of gas to owners of four-cylinder cars and $6 at a time to those driving higher powered vehicles-all in an effort to reduce tank topping. She asked every mayor or selectman in the state's 169 cities and towns to appoint a coordinator to work out gas station schedules so that some will always be open...
...truckers also wanted to abolish the 55-m.p.h. speed limit, arguing that it costs them money by slowing their trips. But the Government refused even to consider that move. The accident rate would rise again, and more fuel would be burned at higher speeds. Finally, the independents demanded that states establish uniform truck weights across the country. Most states allow an 80,000-lb. load and 60-ft. truck length. But nine states, most bordering the Mississippi River (called the Iron Curtain by truckers), impose lower weight limits. Trucks going across the continent have to keep their loads down...
...higher, solar tax credits. New homes built with passive solar systems will get a 20% credit. Multifamily and commercial buildings will get a credit of $20 for every million B.T.U.s saved per year above the Government's energy performance standard...
...Treasury Secretary Michael Blumenthal saw "some very nasty storm clouds" developing quickly as a result of the oil cartel's seeming insatiability for higher prices, while West German Chancellor Helmut Schmidt intoned about "great danger" ahead for all concerned, including the oil producers. The best hope that France's President Valery Giscard d'Estaing could offer anyone was that the industrial world could look forward to a prolonged period of "sober growth...
...Savings banks," says Saul Klaman, president of the National Association of Mutual Savings Banks, "have the worst of both worlds, high interest costs and disintermediation." Disintermediation is bankers' jargon for loss of deposits to higher yielding investments, such as Treasury bills. For a while, savings officials thought that this had been averted through the introduction in mid-1978 of six-month money-market certificates (M.M.C.s), whose payout is tied to the going Treasury-bill rate, currently 8.87% for six-month bills. But the M.M.C.s did not bring in just new money; they also attracted funds that the thrifts already...