Word: icc
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...quite yet. The six-nation International Cricket Conference (ICC)* was still battling to ward off Communications Tycoon Kerry Packer, 39, who lured away the game's brightest lights with promises of filthy lucre. That is a rare commodity in cricket, where even playing for England, a superstar can aspire to no more than $35,000 a year and a run-of-the-mill professional only $6,600 a season. Packer offered far better salaries and planned a televised international all-star series matching "the rest of the world" against a formidable Australian side...
Camps for Sale. Last week the Justice Department complained to the ICC that the charges could be as much as $2 too high. If the commission orders a cut, it would benefit not the consumer but the state of Alaska. The consumer will probably wind up paying the same price as for imported oil, now $13.50 per bbl. If the pipeline tariff goes down, the companies that own the line can make up most of the difference by paying their producing subsidiaries a higher price at the wellhead to pump the oil out of the North Slope. And their arrangement...
...Vast simplification of ICC regulations, making it easier for new firms to enter the trucking business. Restrictions on businesses that operate their own truck fleets (private carriers) would be eased; a private carrier, for example, could haul goods for an affiliate of the parent company, rather than the parent company only...
...Expansion of the "aircraft exemption." Now any truck or bus serving an airport needs ICC authorization if its operating radius exceeds 25 miles. This would be increased to 100 miles, presumably allowing more vehicles to serve wider areas...
Administration officials concede that not all of their proposals will be adopted. But they are confident that chances for change in the nation's creaky transportation regulatory system, whose underpinnings go back to the 1880s, when the ICC was established, are better than 50%. One possible benefit: increased competition among common carriers could encourage some companies, like large retailers, to cut costs by getting out of the trucking business. These companies have established their own truck fleets, not because it is efficient, but because they felt it was the only way they could cope with the maze of ICC...