Word: spurs
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Dates: during 1970-1979
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...veto is upheld, as previous ones have been, controls will end on Aug. 31, and the 60% of U.S.-produced oil that has been held to $5.25 per bbl. will be free to rise. The Administration hopes the climb will discourage oil use and spur domestic production...
...take as many trains as possible from London to Tokyo-including a few spur lines of the moment-and then back again? This notion would no doubt horrify the hapless U.S. rail commuter and send him reeling back to the bar car. Yet in late 1973 Novelist Paul Theroux 35, spent four months chugging over just such an odyssey. Surprisingly, he not only survived but entertainingly tells the tale...
...spur a faster expansion of sales to the Soviets, President Ford plans to send Congress a new trade bill that would allow the Russians long-term credits without any political conditions. The Administration's argument: the Jackson Amendment did not help Soviet Jews (who are being allowed to leave in smaller numbers than before), but it hindered the ability of American companies to expand in the increasingly competitive Soviet market...
Last week, too, aluminum producers announced that they would go ahead with price rises of a bit more than 2% scheduled for August, and hinted that a second round of increases might follow in the fall. The Council on Wage and Price Stability fears that aluminum increases will spur large companies in concentrated industries to raise prices at the first signs of recovery. It persuaded the aluminum makers to postpone the initial increases from July to August, but has no formal power to stop them...
...real threat of a capital shortage, lies a year or so away, when the economy picks up added steam and corporations begin borrowing more heavily. But that is hardly a reason for postponing public debate over how to head off a crisis; in its quest for ways to spur more saving and investment, Government would do well to begin by devoting greater attention to increasing the rates of return that capital-short industries like utilities can earn. In the long run, perhaps nothing will channel needed capital into worthwhile investments any better than tax measures and other policies that make...