Word: lifts
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Dates: during 1970-1979
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...which Ford returns is the stalemate between White House and Congress over energy. Each party knows that whatever is done to reduce energy consumption will be highly unpopular, and each is maneuvering to force the other to take the heat. The House last week rejected a Ford plan to lift price controls on domestic oil gradually over 39 months. Congress voted instead to extend controls for six months-a bill that Ford, in turn, has vowed to veto. If he does and is sustained, the controls will expire on Aug. 31 and gas prices will rise, but who would...
...that the rises would be inflationary and impede economic recovery. At present, "old" oil -crude pumped in amounts equal to what was produced in 1972-is price-controlled at $5.25 per bbl.; "new" oil is uncontrolled and sells at about $13. The President's new bill would gradually lift the controls on old oil over a 39-month period. Each month more oil would be decontrolled, but the schedule is so set up that the biggest impact on prices would not occur until after the November 1976 elections. The immediate effect on an economy recovering from inflationary recession would...
...discourage business and consumer spending and hamper the budding recovery. Manhattan's pace-setting First National City Bank has raised its prime loan rate to businessmen from a low of 6¾% in June to 7½% recently. And last week most other major banks followed suit and lifted their prime ¼% to 7½%. The effect is to lift the level of other short-term credit costs to business because many bank loan rates are scaled upward from the prime...
...hands were protected as best they could be by bandages and gloves. Along with the three women who would be rowing with her in the four, she heaved the boat into the river, following the orders called out by the coxswain in a long, low shout. "Okay, hold, Ready? Lift...
...Administration got an additional lift on the economic front last week when the Senate approved President Ford's nomination of Burton Gordon Malkiel, a Princeton University economics professor, to the Council of Economic Advisers. The Senate's action follows its approval last month of Paul W. MacAvoy, an economics professor at the Massachusetts Institute of Technology. The appointments bring the three-man council to full strength for the first time since early spring. C.E.A. Members Gary Seevers and William Fellner resigned then; though they had other reasons as well, they were both resentful about not being consulted more...