Word: nationalizes
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Dates: during 1970-1979
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...outcome of the vote was crucial for the nation and for the President, who had committed his prestige by trying to force a settlement. Officially, White House policy last week was one of hands off. "We will not be encouraging ratification or campaigning for it," declared Labor Secretary Ray Marshall.* "The choice is theirs." Nevertheless, the White House increased the pressure for an agreement by preparing to invoke the Taft-Hartley Act. In the past the miners defied Taft-Hartley, and their acquiescence now is uncertain. But the President selected a board of inquiry to determine if a national emergency...
Though coal production has dropped to 6.6 million tons a week from 13.6 million tons a year ago, the nation has weathered the strike better than expected. Efforts at conservation as well as sharing of available power have allowed utilities dependent on coal to stay in business. Last week Pittsburgh's Duquesne Light Co. put a mandatory 25% power cut into effect for its 39 largest industrial and commercial customers, but it does not anticipate any further reduction in the near future. In February it purchased 35% of its power at an extra cost of $15 million from...
Utilities with coal shortages have also been helped by shipments from nonunion mines, which furnish about half the nation's coal. Thanks to outside coal, Ohio Edison, the state's most important utility, was able to cancel 400 megawatts of power it was purchasing from other power companies. Barring some unexpected development, the company will not have to impose any mandatory cutbacks on industry for 15 to 30 days. That means homes will stay warm and well-lighted and factories will keep humming...
Once the strike is ended, it will still take up to three weeks to get the mines back to full production. Even so, utility officials began to relax and ridicule the alarmed reactions in Washington. Yet Washington, too, seemed reasonably certain that the nation's energy would continue to be supplied. Said Jerry Pfeffer, a deputy assistant administrator of the Department of Energy: "We think we can maintain the system indefinitely...
...International Trade Commission urged Carter to reimpose import quotas, but the President refused, arguing reasonably enough that quotas would be too protectionist. Instead, he ordered a 2?-per-lb. subsidy, which was supposed to enable efficient domestic producers to make a profit on their crops. But the nation's 5,000 sugarcane and 15,000 sugar-beet growers found that world prices were continuing to drop so fast that even with the subsidy they were losing money. At the same time, the major sugar-user firms, such as the Coca-Cola Co., General Foods Corp. and Nestlé Alimentana...