Word: stepped
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Dates: during 1970-1979
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During the celebration, Carter remarked that the best birthday present he could receive would be passage of the energy bill, and last week he came a big step closer to getting his wish. With votes to spare, the Senate approved, 57 to 42, a compromise on the pricing of natural gas. That had become the centerpiece of what remained of Carter's energy package, and the President happily applauded its passage. It proved, he said, that the U.S. "can courageously deal with an issue that tests our national will and ability...
Opponents of Long's measure were hastily trying over last weekend to make some basic changes. Ted Kennedy, for one, was seeking allies to keep the personal exemption at $750, a step that he figures will save $12 billion a year in federal revenues. That amount would then be redistributed to middle-and low-income taxpayers. The full Senate is expected to vote on the bill this week, and the House will have its turn next week. Despite his threats, Carter is not expected to veto the measure if some acceptable compromises are made. The public is calling...
...prevent a further fall in the value of the greenback, the U.S. Government, in close cooperation with leading foreign central banks, should step in and buy large quantities of dollars on world markets. This would require assembling a vast war chest of funds to show currency speculators that Washington has the money to back up that policy. Two fast and impressive steps would be increasing sales from the nation's $60 billion gold reserves, as former Federal Reserve Chairman Arthur Burns suggests, and enlarging the so-called swap network of dollar defense funds from $25 billion to $100 billion...
FIGHT INFLATION. An immediate dollar-support program will only buy time while the Administration takes the more fundamental action necessary to correct the dollar's underlying weakness. The most important step would be a tough, credible anti-inflation program. Inflation, of course, debauches a currency by reducing its purchasing power. As long as the West German inflation rate is under 3% while the American rate is more than 8%, the dollar will continue to depreciate, and the mark will rise. An austerity program that brings American inflation down toward the German level is an inescapable move to support...
...picketers, organized by the cooperative efforts of the MIT Black Student Union and the MIT-Wellesley Coalition Against Apartheid, do not believe that the endorsement of the Sullivan principles by the Institute is an effective step against the South African government's practice of racial discrimination, Paco Leon, a spokesman for the demonstrators, said yesterday...