Word: nixed
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Dates: during 1970-1979
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...overly moderate as they may seem to us. But now King, Kennedy, and Kennedy are dead; there is no one to follow. Now we have benign neglect. With the war, northern urban political repression, campus struggles, and ecology, civil rights is all wrapped up: Congress passed some bills. Nix-on and his associates are not the only people colluding in benign neglect...
Move to Tariffs. The report of Nix Task Force, headed by Labor Secretary George P. Shultz, will probably not be made public until February. But it is believed to recommend a gradual phase-out of the quotas in their present form and their replacement with tariffs. These duties would be set so as to bring the total price of foreign oil landed in the U.S. to about $3 per bbl., or roughly 300 lower than the present domestic price of $3.30. Theoretically, domestic producers would have to lower their own prices to meet the foreign competition, and Washington could force...