Word: recontrol
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...bolster prices by announcing that they will cut back production as soon as they have paid for the planes. Said John Lichtblau, president of the Petroleum Industry Research Foundation: "There is still a possibility they can correct the situation by substantially reducing their output. But it is difficult to recontrol prices once they start running away." -By Stephen Koepp. Reported by Jay Branegan/Washington and Timothy Loughran/New York
...been all set to roll back meat prices to June 30 ceilings. As soon as the Price Board approved recontrol, OPA began printing butcher-shop lists for steaks and chops at the old retail levels. It had reckoned without a key point of the new price control...
...Specification. To the biased glance, the price decisions seemed a studied compromise. They were-and they were not. Boardmen Roy Thompson, George Mead and Daniel W. Bell, who had bravely picked up the coals hot-handled them by Congress last July, had followed congressional standards in determining recontrol. The standards: 1) the price of a commodity must have risen unreasonably since June 30; 2) the commodity must be in short supply; 3) its regulation must be enforceable; 4) its recontrol must serve the public interest. These standards, in some respects political, in all respects loosely phrased, were Congress...
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