Word: maximum
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Dates: during 1970-1979
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CALIFORNIA CONGRESSMAN ALPHONZO BELL. Crossing his index fingers like drawn swords, the Republican Congressman says: "My relations with some constituents are getting to be just like this." The issue is the future of the President. Says Bell: "Many regard Nixon as their maximum political hero...
More important, the Government exempted so-called new oil from price control. New oil encompasses both crude from new discoveries and oil that an existing well produces in excess of its output during a 1973 base period. In response, oilmen have sped the pumping of existing wells to their Maximum Efficient Rates* and made greater use of expensive secondary recovery methods, such as injecting water at high pressure into a well. The American Petroleum Institute estimates that as much as 5,000,000 bbl. might be recovered in this fashion. As Wayne Swearingen, chairman of Tulsa's oil-drilling...
...like his exaggerated reputation as "Maximum John" (for his tough sentencing), his simplicity and folksiness are also deceptive. "Underneath that quiet surface, he's aggressive; he knows what he wants to do and he does it," notes a Sirica colleague, Federal Judge Leonard Walsh. What Sirica wants to do is battle for whatever he thinks is right. "I came up rough-and-tumble, never backing away from a fight. It does something good for you," he says...
...Government charged that Hughes and associates conspired to manipulate the price of the company's stock up and down by, among many other things, flooding the market with large holdings in an illegal effort to scare its directors to terms. Hughes was charged with seven violations carrying a maximum prison sentence of 28 years and $34,000 in fines...
...this clause all but guarantees an ever-expanding tax outlay every year. Middle-and upper-income workers will begin paying for the latest boost in January, when the base on which the tax is collected is extended from its present $10,800 to $13,200. That means that the maximum deduction will go from $631.80 in 1973 to $772.20 this year, even though the tax rate will remain firm...