Word: tariffs
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...than is provided by the present oil-import program, which has neither kept costs down nor provided any guarantee against shortages. Washington should let in some more oil from the rest of the world. It should do this either by liberalizing quotas or replacing them with a less restrictive tariff system, as a Nixon-appointed task force recommended-to no avail-a year ago. Such a move would have to be coupled with the building of a domestic reserve supply to guard against a Mideast shutoff. To do that, the import task force suggested storing domestically produced oil in salt...
...turnout befitted the tariff. Surveying the crowd, Ring Announcer Johnny Addie declared that "everybody is here tonight." He was almost right. At ringside were Astronauts Alan Shepard, Stu Roosa and Edgar Mitchell, Senators Hubert Humphrey and John Tunney, Ed Sullivan, Andy Williams, Ethel Kennedy, Bullfighter El Cordobes, Frank Sinatra, Dick Cavett, Danny Kaye, Bill Cosby, David Frost, Michael Caine, Woody Allen, Burt Bacharach-to cite a few. Then there were the costumes, which ranged from brocaded tuxedos and sequined capes to tangerine jumpsuits and mink-trimmed robes. Salvador Dali had one look at the proceedings and pronounced them "surrealistic...
...part of the post-World War II drive for freer trade, the U.S. tariff on cast-resin billiard balls was progressively reduced from 50% in 1947 to 20% in 1963. Now the Belgian billiard-ball hustlers fear that they may be snookered out of their prime market. Albany Billiard Ball Co. of Albany, N.Y., the only U.S. maker of cast-resin billiard balls, claims that it has been knocked into a side pocket by the imports. The company once dominated the U.S. market, but currently has only one-third of it. So Albany Billiard Ball is campaigning to kick...
...protectionists won on another front last week. The Tariff Commission ruled that domestic manufacturers have been injured by Japanese "dumping" of TV sets. The ruling is likely to subject the Japanese to special penalty duties...
...contribute to the hypocrisy of welfare by implying that Americans believe in the Protestant ethic. No one refuses or is ashamed to accept welfare if it is disguised by euphemisms such as "benefit," "grant," "loan," "subsidy," "tariff," "tax deduction," etc., etc. Every American and most industries are on one form of welfare or another...