Word: opa
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...order is a slicked-up version of the OPA regulations of World War II. To set a selling price for a can of peas, for example, the grocer looks at his wholesale cost, increases it by a fixed percentage taken from an official OPS markup list. The list covers 60% of the products in the nation's $32 billion annual food bill, including butter, baby foods, breakfast cereal, cocoa, coffee etc. Exempt: milk, cream, fresh meat, bread, liquor and 58 other commodities, all of which are still regulated by the Jan. 26 order, as well as fresh fruit & vegetables...
...asking to be assistant postmaster-just postmaster!" Di Salle adds that when he took the job all he knew about the price situation was that 1) his wife Myrtle thought prices were far too high, 2) he once represented a few businessmen against the old OPA, and 3) in an unsuccessful bid for Congress in 1946, he spoke out against price controls in peacetime...
...Salle was under no illusions about the enormous difficulties ahead. Prices were already at an alltime high and still climbing. Unlike the OPA days, when the U.S. was just picking itself up after the Depression, the nation's economy was already bulging with inflationary pressures. Di Salle clamped on a general price freeze that was admittedly just a stopgap. But at least it was a beginning. 'The trouble around here," said Mike, is that everybody is so afraid of making a mistake that nobody gets anything done. We are bound to make some mistakes...
...products they make. Last week they launched an attack on all excise taxes except those on liquor, gasoline and tobacco, and substitution of a flat sales tax on everything except food, rent and medicines. Spokesman for the committee was old New Dealer Leon Henderson onetime head of OPA. A sales tax, he argued, would produce revenue quickly, discourage spending, spread the increased tax load to all income brackets, and be easier to collect than income...
...Salle last week issued Ceiling Price Regulation 7, a new step in the fight to stabilize sky-high prices. The order wiped out the general price freeze for about 200,000 retail items and substituted instead a system exhumed from the tomb of World War II's OPA. The new plan, "retail margin control," specifies that dollars & cents price margins may be no greater than those prevailing Feb. 24. The plan applies to clothing, shoes, furniture, rugs, bedding-in short, about 75% of the things department stores sell-and affects some 233,000 retailers who sell about $31 billion...