Word: decontrolling
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...Independent majority on the council could spell the end to strong city ordinances supporting rent control, which was adopted 10 years ago to protect low and moderate income families from skyrocketing rents. While a total rent decontrol is unlikely because of the enormous upheaval it would cause, CCA members predict that a significant softening of current city codes would slowly turn many traditional blue-collar neighborhoods into elite bedroom communities for Boston's young paraprofessionals...
...Sullivan says. "Properties have not been kept up, there have been absentee landlords and all the rest because people could not afford to maintain what they owned." But, after a decade, he concedes it would be disastrous to scrap the program overnight, favoring instead a gradual program that would decontrol apartments as they became vacant. "It would have to be eased out very slowly," Sullivan says. Since the switch of a single council seat to the Independent camp would allow the abolition of rent control, Sullivan is campaigning as hard this year as ever. "The city is coming back...
...companies most immediately imperiled by the controllers' walkout are, of course, the airlines. The industry is already in the midst of an unprecedented upheaval as a result of the Federal Government's decontrol of routes and fares. Washington's action has spawned a whole new generation of regional and short-haul carriers that are slashing prices, adding routes and grabbing business away from some of the largest and best-known American carriers. Since January, passenger volume on American Airlines has slumped by 3.8%, while on TWA it is down 10.7%. Though American managed to inch back into...
Just as economists have long predicted would happen, the decontrol of energy prices not only has made consumers more cautious about wasting precious fuel but has also spurred industry to search much harder for new supplies. At more than $4.30 per thousand cubic feet (as compared with $1.42 in 1974), natural gas prices have reached a level at which wildcatters can dig wells deeper than ever before and yet still turn a profit if a well proves productive...
...Decontrol of the domestic oil industry is also accelerating a shake-out of retail gas sales. Government regulations previously forced oil companies to keep some unprofitable marketing operations open, but now the firms can close them down. Texaco, which has long proudly proclaimed that it sold in all 50 states, is reducing the number of its stations in the Midwest and Great Lakes regions. Shell Oil will soon no longer sell in upstate New York, upper New England or Minnesota...