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Wage And Price Controls

September 19, 2004 | Irwin M. Stelzer, Irwin M. Stelzer is director of energy policy studies at the Hudson Institute and a contributing editor to the Weekly Standard.
Economist friends who have served in government like to joke that after a newly arrived president has finished admiring the Oval Office, he starts hunting for the secret room containing the knobs that control the economy. It's always a fruitless search. Still, presidents are not completely powerless to affect the economy. Since World War II, the economy seems to have performed better under Democratic presidents than under more overtly pro-business Republican chief executives.
June 20, 1985 | WILLIAM D. MONTALBANO, Times Staff Writer
The lines were long and the confusion was almost total, but Argentina's banks reopened nevertheless Wednesday amid wide popular support for sweeping economic reforms. A three-day bank holiday ordered by the government of President Raul Alfonsin to allow implementation of his across-the-board attack on inflation ended with higher prices on the stock market and a new currency holding its own against the dollar.
July 1, 1985
President Raul Alfonsin of Argentina was viewed as a moderate, cautious politician when he took office. That he may be, but in less than two years he has also proved tough and courageous, as demonstrated most recently by his dramatic campaign to straighten out the economy.
March 13, 1985
The House Foreign Affairs Committee wants to start work soon on the annual foreign-aid bill, but as of now there's a big omission in the proposals from the Reagan Administration that it will be considering. No new money for Israel has been recommended--not because the Administration is unsympathetic to the Israeli request for more aid both this year and next, but because top U.S. officials aren't yet satisfied that Israel has done to straighten out that country's economic mess.
March 11, 1986 | WILLIAM D. MONTALBANO, Times Staff Writer
The hard-pressed but determined government of President Raul Alfonsin attacked critics of its economic reforms Monday, vowing to actively oppose a national strike scheduled for later this month. "It is the same old movie, but this time it will have a different ending," Alfonsin said in denouncing a 12-hour stoppage called for March 25.
October 4, 1991 | RICK HENDERSON, Rick Henderson is assistant managing editor of REASON magazine, published by the Reason Foundation in Los Angeles. and
Gov. Pete Wilson's decision to veto the gay-rights bill, AB 101, and then to use his veto message to attack anti-gay activists, underscores the governor's increasing political tone-deafness. Time after time, Wilson forgoes adherence to principle (or at the least rhetorical consistency), thinking instead that straddling the fence will win allies. As a result, few trust his judgment. Take this year's budget battle.
August 30, 1985 | WILLIAM D. MONTALBANO, Times Staff Writer
Peronist-led labor unions drew partial support around Argentina on Thursday for a nationwide strike protesting Draconian measures of economic austerity. Tens of thousands of strikers massed in downtown Buenos Aires to cheer attacks on the International Monetary Fund and the government of President Raul Alfonsin.
Promising to slash inflation to a single digit, President Carlos Salinas de Gortari Friday sent Congress Mexico's first balanced budget. The $93-billion 1992 budget includes a $2-billion surplus, not counting proceeds from sales of state-owned companies. After adjustment for inflation, federal spending will increase by 4% over this year. The congress, controlled by Salinas' Institutional Revolutionary Party, is expected to overwhelmingly pass the budget.
November 21, 2003 | Mark Magnier, Times Staff Writer
International aid groups operating in North Korea said Thursday that the isolated communist country had become slightly more open in recent months as economic reforms show modest signs of taking hold. Humanitarian workers at a news conference here said the shift appeared to go beyond officials in Pyongyang and included school principals, hospital administrators and government workers, even in remote provinces. "It manifests itself in many small ways," said Richard Corsino, U.N.
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