Word: pares
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Costly Plan. The President's initiatives are no substitute for a broad, congressionally approved program that would include mandatory conservation measures. This year, for example, the tariff increases will pare imports by a mere 100,000 bbl. per day, to 6.2 million bbl., according to the Administration's own figures. Yet the cost of the plan will be substantial. White House officials acknowledge that deregulation would eventually kick up the price of gasoline, residual oil used by heavy industry, diesel fuel burned by trucks and other petroleum products by 5? to 6? per gal. The increased tariff will...
Despite rapidly falling commodity prices, processors and retailers have been reluctant to pare prices until now because of high operating costs. So far, retail price cuts have been scattered and moderate: in Chicago, 5 Ibs. of sugar now goes for $1.99, compared with $2.35 a few weeks ago, but white bread is selling for 60? a loaf, up 16% from a year ago. Nonetheless, Clarence Adamy, president of the National Association of Food Chains, claims that "food stores are posting more price declines now than they have at any time in the past three years." Agriculture Secretary Earl Butz estimated...
...dropped from $14 per bbl. a year ago to $12 now, largely because premium charges for high quality and other factors have been removed. Libya has recently been forced to trim up to 29e off its exceedingly high basic rate of $11.86, and Abu Dhabi has had to pare 380 from the $11.38 that it charged for its best lower-sulfur fuel...
...General Congregation must come to decisions on many other issues, including whether to pare down members' life-styles and draw institutional assets into separate funds so that the order can better reflect the spirit of poverty. But last week's vote alone makes the meeting a turning point for the Society of Jesus, and it presents Pope Paul with a delicate political problem. He has the power to reject any action of the General Congregation, including its decision on the fourth vow. But that would produce dangerous new tension between the Pope and the Jesuits who are sworn...
Shrinking Desire. Consumer Pollster Albert Sindlinger, who for years has accurately predicted trends in the auto industry, sent out early warning signals to the companies to pare prices on new small cars-to no avail. Says Sindlinger: 'They totally misjudged the market. They overproduced and overpriced...