Word: rollback
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...Cambridge Housing Convention, a group of 900 Cambridge residents concerned with the city housing crisis, sent a rent control proposal to the City Council and the Mayor's City Manager's Committee on rent control yesterday. The Convention's proposal calls for a four year rollback of rents in most rented housing in the city to the level of January...
...group voted to demand the termination of present ROTC contracts and no new contracts, the replacement of ROTC scholarships with other aid, and the rollback of rents in Harvard-owned apartments to the level of January...
Raising the Roof. Damning the situation as "unfair and in many cases outrageous," Mayor John Lindsay has demanded a rollback of the "exorbitant" rent increases and a freeze on further boosts until March 1. By then, he warns, the city's landlords had better produce a formula for self-regulation against gouging or they will face legislated controls. The owners are expected to come through with some sort of plan-and for good reason. With an election due in the autumn, Democrats on the city council are threatening the landlords with a number of politically popular bills, including...
Unwanted Role. Never has a price roll-up been so eagerly declared a price rollback-not, anyway, since the Administration joined the steel fight of 1966, which followed much the same script. There was the same hero, U.S. Steel and its chairman, Roger Blough, who undercut by roughly 50% the price increases posted by the same villain, Bethlehem and its chairman, Edmund Martin. And there was the same Lyndon Johnson, who declared himself pleased with the denouement...
...Deal. Within hours, Bethlehem and smaller competitors stepped into line with selected price adjustments of their own. Rumors flew among metalmen that U.S. Steel's Blough, who had been John Kennedy's chief protagonist in the stormy steel rollback of 1962, had personally concluded that industry's peace with the President. Blough did, in fact, come in for earnest entreaties from Defense Secretary Clark Clifford about steel and the national interest, but the Administration denies that any deal was struck...