Word: iv
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
...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...
...food-price index for July jumped .8%, even though prices supposedly were frozen, and Treasury Secretary George Shultz warned that the August increase in the Wholesale Price Index will be "astounding." Even in advance of settling with their unions, auto-and steelmakers are asking for price increases under Phase IV rules; the Cost of Living Council will hold hearings on their requests this week...
...IV...
Economist Walter Heller sees some hope that strict enforcement of Phase IV rules will at least hold down price increases. Under those rules, sellers may raise prices only enough to pass on increased costs dollar for dollar; they cannot tack on an additional profit markup. Cost of Living Council Director John T. Dunlop complained to friends last week, however, that he is having difficulty recruiting people to check up on price boosters. Prospective employees apparently believe that the program will be dropped in a few months, leaving them without jobs. Treasury Secretary George Shultz did nothing to discourage such speculation...