Word: low
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Dates: during 1970-1979
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...step that would make a trip to the gas station more expensive. At Camp David, Treasury Secretary Michael Blumenthal and Energy Secretary James Schlesinger urged the President to take such action. But Vice President Walter Mondale and Presidential Counsel Stuart Eizenstat complained that this would be a blow to low-income families. At the very least, they argued, decontrol should be phased in. Nevertheless, a consensus did develop at Camp David that domestic oil must be permitted to climb closer to world market prices in an effort both to discourage U.S. consumption and inspire American companies to produce more domestic...
...safer option of gradually lifting controls on specified types of U.S. oil over two years. Carter is likely to ask Congress to include an excess profits tax that would prevent the oil companies from reaping a sudden bonanza. But whether he will urge that this tax be rebated to low-income families, be set aside for oil exploration or used to reduce his budget deficit apparently was undecided last week...
...immediate gratification and too little on investment for the future, too much on Government uses and not enough on private uses, too much on easy imports of energy from afar and not enough on hard-slogging development of energy at home. The consequences have been turgid productivity, leading to low economic growth; high budget deficits, leading to inflation; multiplying balance of payments deficits, leading to a weak dollar, which in turn reduces capital investment from abroad and holds back the expansion of jobs and real income...
Henry Bloch, 56, president, H & R Block of Kansas City. He invests in tax-free municipal bonds, as befits a tax expert in the lofty 70% bracket. Bloch points out that munis are safe, and enormously liquid, and they can be bought in denominations as low...
Some of the demand comes from Europeans, who find the Rockies cheaper than the Alps, but condo buyers are mainly affluent U.S. skiers. A big reason for Aspen's inflation is its restrictive zoning and new growth-management plan, which encourage low-income housing and limit the pace of luxury construction. Says Hans Cantrup, a developer: "The building quota has already been used up for the next three years." Canny Cantrup has growth-management approval for his plans to put up 30 town houses. Price: $1 million each...