Word: rollbacks
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...energy consumption until the flow of Arab oil is fully restored-if indeed it is fully restored. Last week President Nixon asked Congress to enact a bill that would revive many provisions of the Emergency Energy Act that he vetoed the week before because it would have forced a rollback of oil prices. In keeping with Nixon's view that the nation now faces an energy "problem" rather than a "crisis," the new bill is entitled the Special Energy...
...force the Federal Energy Office to publish its contingency plans for nationwide gas rationing. And last week Energy Chief William Simon created an Office of Consumer Affairs within FEO-but at a public meeting coupled that announcement with another rejection of White's insistent demand for a price rollback...
...campaign, Mr. Beame made it clear that he would continue to support rent control. In fact, he recently has joined with us in the City Council in supporting a 4 per cent rent rollback. If Beame is a captive of the landlords, I wonder why his housing policies have been sharply criticized by Edward Sulzberger, the head of the city landlord's organization, both during the campaign and since his election...
...nationally televised news conference last week, the President contended that the rollback would deepen gasoline shortages, presumably by discouraging oil companies from stepping up exploration and production. Supporters of the provision say that it would knock gas prices down as much as 4? per gal. and still give oilmen more than enough incentive to boost output-since the rolled-back price would still be higher than any prevailing before late last year...
...disgruntled Ethiopians took to the streets of Addis Ababa and rioted against inflation for four days. Helmeted police finally cleared the streets but left five demonstrators dead, at least 35 wounded and 1,000 in jail. Afterward the Emperor made a rare radio and television appearance to announce a rollback of gasoline prices and a freeze on the cost of basic commodities. The Emperor's action calmed civilians, but left the armed forces dissatisfied. Although Selassie decreed a 33% increase in wages for the armed services, the military wanted pay raises of up to 100%, to bring a private...