Word: rollback
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Dates: during 1970-1979
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...oilmen find much to fret about these days: congressional pressure to end the depletion allowance and lucrative foreign-tax write-offs, calls for a rollback of domestic oil prices and growing resistance to offshore drilling. Still, nothing bothers them more than the possibility that Government might not only increase its intervention in the oil industry but actually decide to get into the business itself...
...Department of Transportation now agrees that the bumpers, which weigh 100 Ibs. or more, are not worth the cost. The DOT is proposing a rollback to the 1972 requirement-ability to withstand a 2.5-m.p.h. impact. Insurance companies, some Congressmen and several public interest groups, which contend that the stronger bumpers will hold down damage costs, oppose such a move. But they also maintain that the weighty, expensive bumpers U.S. carmakers are using are unnecessary. The bumper on the West German Opel, for instance, is as strong as the steel one on the new Ford Pinto, yet it weighs only...
...imports be carried in U.S. vessels. He permitted?perhaps encouraged?vigorous antitrust action by his Justice Department, notably against AT&T. By taking blunt exception to a General Motors price hike, he forced a modest rollback. U.S. Steel, too, reconsidered a price increase when Ford grumbled...
...Last week he had to face mounting criticism at home. On New Year's Day, rioting and violence erupted in downtown Cairo for the first time in nearly two years. More than 500 workers from the Helwan industrial complex massed in front of the Interior Ministry demanding a rollback of food prices, which have soared an estimated 20% in the past year. Although police disbanded the mob with clubs and tear gas, protesters roamed through the center of the capital, stoning buses and smashing windows at Libyan Arab Airlines and Air France...
...Debate. The change marks the first rollback of an auto-safety standard since the safety movement began gathering velocity in 1966. But safety advocates are just as concerned by another provision of the bill that restricts the authority of the Department of Transportation to require use of air bags. The air bags are designed to inflate on impact to protect front-seat riders from injury, then deflate in seconds. The Transportation Department has planned to make air bags mandatory in 1977 model cars, but the new bill provides that it must first hold public hearings and then send the regulations...