Word: phaseouts
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Dates: during 1980-1989
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...Washington Post's top political reporter, David S. Broder: "Not the midpoint in the Reagan presidency but its phaseout. . . an accelerating retreat from Reaganism, a process in which he is more spectator than leader...
...current price explosion go back to the cold winter of 1976-77, when gas shortages forced many schools and factories to shut down temporarily. After that disaster, Congress decided to spur new production by passing the Natural Gas Policy Act of 1978, which called for the gradual phaseout, through 1984, of price controls on gas produced from new wells. The law set guidelines on how much the cost of gas could go up each year. Pipeline companies, eager to ensure future gas supplies, signed numerous long-term contracts with producers, in which it was often agreed that prices would rise...
...move toward national banking would be a major step in the revolution that is now occurring in the American financial community. The Depository Institutions Deregulation and Monetary Control Act, which was passed by Congress last March, has ordered the phaseout of the ceilings that exist on the amount of interest that financial institutions can pay on passbook accounts. Banks can now give no higher than 5.25% interest, while Savings and Loans can pay a maximum of 5.5%. By 1986 there will be no Government-fixed interest limits. The new law also permits banks and savings institutions...
...cartel last week raised its export prices by 6% to 10%, and oil producers warned of possible additional increases in 1981 (see following story). Meanwhile in the U.S., more and more domestically drilled crude is being marketed at sky-high world prices as a result of the continuing phaseout of domestic crude oil price controls. Democrat Otto Eckstein, president of Data Resources, an economic forecasting firm, estimated that rising petroleum prices will add 2.2 percentage points to the nation's consumer price index...