Word: limits
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Dates: during 1970-1979
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...keep his momentum going against an ugly wave of economic difficulties, the President announces his new anti-inflation program this week. Despite all the buildup, the proposals are largely voluntary wage-price guidelines (see BUSINESS). Carter is asking for a 7% limit on wage increases, a 6.5% overall ceiling on price rises. An expanded Council on Wage and Price Stability will closely monitor wage-price shifts; if a company exceeds the guidelines, it can be threatened with a suspension of Government contracts or purchases. But the President continues to insist that he will not resort to mandatory controls...
...matters into their own hands-not by storming government buildings but by voting on tax referendums in 16 states. In Massachusetts, for example, the voters will have their say on Question 1, which would give the state legislature authority to create a classification system for property taxes. It would limit assessments of residential property to 40% of market value, while allowing commercial property to be assessed at 50% and industrial property at 55%. Proponents claim that the change would help protect homeowners in the future from steep tax increases like those experienced in New Bedford...
...North Dakotans will decide whether they want state officials to limit health-care costs, which nationally have been increasing at about 14% a year, far above the general inflation rate of 7.2%. Chances for passage looked good, until Blue Cross-Blue Shield began campaigning against the proposition. Opponents argue that it would discourage doctors and nurses from coming into the state...
...charter fight. Rizzo is concentrating his campaign on the working-class sections that have solidly supported him in the past. At Palumbo's Cafe in South Philadelphia, he told a group of a hundred or so supporters: "In Chicago, New York, Pittsburgh, Newark, there is no limit on mayors' terms. That's the American way. I'm a full-time mayor. I don't play tennis. I don't jog. My whole life is dedicated to this city...
...classic example of the problem is the 30-95 rule, Article Five, Section Five, Clause C, which says: "There shall be (for Division I football) an annual limit of 30 on the number of initial financial aid awards which may be made to student athletes, and there shall be an annual limit of 95 on the total number of financial awards which may be in effect the same year, including initial (first-year) awards...