January 2, 1993 |
Price Controls on Natural Gas Expire: Federal price controls on the natural gas industry officially expired Jan. 1, an event that industry officials predicted would pass quietly and have little market impact. Caps on the prices producers can charge for natural gas have been phased out gradually since 1985. As the caps have been lifted, prices have dropped.
January 7, 1993 |
Russia's new, conservative-led government, retreating from free-market practices to fight soaring inflation, announced Wednesday that it is extending its legal limit on profits to nearly all enterprises selling food and industrial raw materials. The decree was the first major policy decision by Viktor S. Chernomyrdin since President Boris N.
May 25, 1993 |
As a part of national health care reform, President Clinton next month will propose creating a permanent regulatory agency with broad powers to set levels of coverage, establish guidelines for doctors and hospitals and monitor spending, Administration sources said Monday. Under the proposal, being evaluated by an independent group of attorneys, the agency would have power to alter the elements of the standard package of benefits expected to be provided under the new health care plan.
November 13, 1987
Yugoslavia's Parliament postponed a meeting to discuss Premier Branko Mikulic's anti-inflation plan, which has met strong opposition. Mikulic, grappling with 135% inflation and a $20-billion foreign debt, last month unveiled an economic program--including new forms of taxation along with wage and price controls--aimed at cutting inflation.
August 17, 1986 |
Israel's inflation rate, ruinously high just two years ago, dropped to zero for the month of July, the government has reported. It was the second time this year that the Central Bureau of Statistics has reported no inflation for a calendar month. Its figures for January showed a 1.3% drop in the price index, the first decline in 14 years. Inflation reached 445% during 1984 but fell rapidly after Prime Minister Shimon Peres' austerity plan took effect in July, 1985.
May 22, 1989
Wage, Price Controls Extended: Mexican President Carlos Salinas de Gortari will extend wage and price controls beyond the July 31 expiration date, newspapers said. Salinas said the controls must remain in force to ensure improved living standards for workers. The controls went into effect in February, 1988, after prices soared 159.2% in 1987. Inflation was reduced to 51.7% last year. Under an agreement, the government pledged to curb spending, labor to hold down wage demands and business to freeze prices.