Word: phasing
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Dates: during 1970-1979
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Baily Mason, Chairman of the B.U. trustees' Investment Advisory Committee and special assistant to the president, said last night the trustees decided to "phase-out" their non-voting bank deposits and bonds because these holdings "do not offer the university sufficient leverage on corporate practices...
...phase-out of all existing nuclear plants...
...events of particular interest this week. Sunday and Monday they will present Sun Ra and his Intergalactic Arkestra, a happening by any standard. Sun Ra is simply outrageous; his age and background are unclear, but he wanders around our planet saying things like: The intergalactic music in its present phase of presentation will be correlative to the key synopsis of the past and to the uncharted multipotential planes outside the bounds of the limited earth-eternity futre... and playing music that is both startlingly contemporary and firmly rooted in jazz traditions on a variety of keyboard instruments. The Arkestra...
...sharpest attacks are against the package's two most important parts. They are to phase out domestic oil price controls beginning in June, and to bring in a "windfall profits" tax. Scrapping controls will allow U.S. oil prices, which average about $9.45 per bbl., to rise during the next two years to the cartel-set world level, which already stands at a minimum of $14.55 and is certain to climb still higher. The oil companies would get an extra $6.5 billion in earnings annually from decontrol, but about half of the money would be taxed away. The Government would...
There are, of course, uncertainties and risks. Though economists are willing enough to guess, none can say with confidence what the ultimate inflationary impact of decontrol will be. Nor is it entirely clear just how much decontrol will increase domestic oil production. By Administration reckoning, the gradual phase-out of controls should encourage companies to pump more and more oil from their wells until, by 1982, production reaches an additional 700,000 to 800,000 bbl. daily (the U.S. now uses about 19 million bbl. per day). That would displace an equivalent amount of imported oil, but energy demand throughout...