Word: iv
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Dates: during 1970-1979
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...square-shouldered, level-eyed, they seemed as impressive and impassive-and as remote-as the pyramids they built. This was the image of Egypt's pharaohs, bodied forth in stone by the royal sculptors, for some 1,500 years. Then, in 1378 B.C., began the reign of Amenhotep IV. For a time so remote in history, the records are understandably imprecise. But it seems clear that in his 17-year rule, Amenhotep IV changed the style and direction...
...Drama was eerily reminiscent of an episode involving many of the President's same advisers last spring, when Shultz was attending an international bankers meeting in Paris. Just before leaving, he had drafted what he thought would be a swift transition from the collapsing Phase III to Phase IV. Suddenly Laird, then newly appointed, entered the scene, remarking for the first time in public that tighter controls were under consideration. The idea of a temporary freeze was especially favored by former Treasury Secretary John Connally−who last week just happened to hold his first face-to-face meeting...
...attempt to prove that the summer's roaring inflation has not completely taken the spine out of the President's Phase IV, the Cost of Living Council began to reassert itself. It ordered the nation's major auto firms to cut back their proposed increases in 1974 models by 10% to 30%. The decision still allows the Big Four automakers to raise their prices by amounts ranging from $51 to $74 a car. In addition, the council ordered the big firms in the steel, tire, paper and detergent industries to postpone already-announced price increases until their...
With skillful management, especially in restoring credibility to the Phase IV guidelines, most economists believe that such a possibility can still be averted...
...some Government officials about the oil industry's pricing policies. In a federal appeals court in Washington, D.C., last week, the Cost of Living Council won the right to force rollbacks of some gas-station prices. A lower court earlier had enjoined the COLC from enforcing Phase IV guidelines that would require the price cuts; they will now go into effect Sept. 8. The COLC has also demanded that Atlantic-Richfield Co. (ARCO) justify a 1?-per-gal. increase on gasoline and a 2?-per-gal. hike on fuel oil that the company posted Aug. 20. If the company...