Word: nickel
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Analysts point to several reasons for this outbreak of optimism. Fuel prices are one. The airlines now spend an average of 95? per gal. for fuel, down about 7? from a year ago; that figure could drop a nickel more in 1983. Experts estimate that each 1?-per-gal. decline saves airlines about $90 million a year. Fuel, in fact, accounts for fully 30% of airlines' total operating expenses. Notes Donald McGuire, a vice president of Piedmont Airlines, a healthy carrier that earned $23.8 million in 1982: "Any time you can fix one-third of your problems at once...
...money raised by the nickel gas tax will be distributed according to a complex formula that tries to assess each state's need, population, land area and readiness to use the funds. Since the Department of Transportation works regularly with the states to determine highway priorities, plans for using the money are ready; no new bureaucracy is needed to disburse...
When Congress passed the nickel gas tax, designed to save the nation's crumbling highway system, it offered a trade-off to the depressed trucking industry. To be sure, truckers will be paying more not only for fuel but also for user fees, which will balloon from $210 a year to $1,900 (in 1987) for the biggest rigs. But in return they will now be allowed to drive outsize double-trailer trucks on the full length of the interstate highway system and on most of the nation's 230,000 miles of "primary" federal and state roads...
...service. It not only gives him weather conditions to the west and the latest hog prices on the Chicago commodities exchange, but also offers advice. Should farmers continue to postpone the sale of their newly harvested corn? "Remember," the computer counsels, "that holding on for a dime or a nickel...
...once bogged down by cantankerous obstructionism and buffeted by legislative grandstanding. Efforts to pass overdue appropriations bills for the fiscal year that began last October (the ostensible reason for the special session) were a dismal failure. The attempt to pave the road to prosperity with a nickel-a-gallon gasoline tax was stalled by a renegade filibuster. Ronald Reagan and his congressional critics were still at swords' points over the MX missile, and no one dared even mention Social Security, a beast that some had foolishly dreamed the special session would tame...