Word: lid
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Dates: during 1970-1979
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...draconian move, the Administration is backing a bill to put a lid on hospital revenues, limiting them to a 9% increase each year. Totally opposed to such controls, the hospitals have responded with a bill of their own, which has a better chance of being passed by Congress. They want to try to reduce the rate of increase by 2% in 1978 and in 1979; only if they failed would they be subject to federal controls. So far, hospitals have succeeded in slowing the rise in costs by more than 2%, but HEW is skeptical about their continuing...
While all this was going on, a temporary global glut of crude kept a lid on prices, stretching Gulfs once bountiful cash reserves and cutting into earnings. Last year profits fell 7.8%, to $752 million; in this year's first quarter, they fell another 7%. The need for a drastic reduction in outlays became urgent...
Northern statesmen, with much justice, have regarded this rhetoric as a kind of impractical Robin Hoodism. But with no discernible justice, the industrial countries have kept a tight lid on their assistance to LDCs. Japan spends only 0.21% of its burgeoning G.N.P. on foreign aid, vs. a U.N. target of 0.7% for industrial nations; the U.S. figure is 0.27%. True, the U.S. carries the heaviest defense burden in the non-Communist world. But Congress has foolishly sought to forbid aid to countries producing goods that compete or even might compete with American products...
...state spending to no more than 7% annually. Earlier this spring, Tennessee adopted a similar restriction. In November, Massachusetts voters will decide on a proposal of their own: to limit spending increases to the rise in the state's personal income. These are sensible approaches. Putting a lid on spending is a far more effective way of providing relief than merely trying to restrain property taxes...
...many of whom spent the Franco years in exile, and a younger group that remained at home. But how far can internal democracy go, particularly in a Communist party? As one Western analyst puts it, "Carrillo clearly wants it-up to a point. But can he then keep the lid...