May 28, 1990 |
The government, business and labor have agreed to a renewal in August of the wage and price controls credited with reducing inflation, it was reported Sunday. The Economic Growth and Stability Pact, which went into effect Feb. 29, 1988, has been extended several times. The August renewal will be the last, however, the reports said. Next year controls will be lifted, they said. The government launched the controls to curb inflation that reached a record 159.2% in 1987.
January 26, 1985 |
Israel hopes that a comprehensive new wage and price control agreement signed late Thursday night will bolster its case for a sharp increase in American aid over the next 20 months, a senior economic official said Friday. The official, who spoke on condition that he not be further identified, said neither the new agreement, designed to slash $1.2 billion in price subsidies from the government budget, nor other planned austerity measures will be enough to put the economy back on its feet.
January 4, 1995 |
President Ernesto Zedillo on Tuesday unveiled an emergency austerity plan packed with sacrifices for all Mexicans in an effort to overcome the nation's worst economic crisis in more than a decade. He was able to announce the new program only after wresting key concessions from business, labor and other groups that will hold down prices and wages despite a recent, crushing devaluation of the peso.
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.
CALIFORNIA | LOCAL
November 26, 2010 |
David F. Nolan, whose disgruntlement with conventional politics ? especially President Nixon's imposition of wage and price controls in 1971 ? drove him to launch the Libertarian Party with a small group of friends, has died. He was 66. Nolan apparently was stricken while driving his car Saturday night in Tucson and was taken to a hospital, where he died Sunday, Libertarian Party Chairman Mark Hinkle said. The cause of death has not been determined. Nolan also was known for his invention of the Nolan Chart, a visual representation of political ideologies that classifies people according to their attitudes on personal and economic freedom, two of the principles Libertarians hold dear.
January 28, 1985 |
The Cabinet on Sunday unanimously approved a $23-billion budget for 1985-86, a cut of nearly $2 billion from last year's actual spending, Cabinet Secretary Yossi Beilin announced. He said the Cabinet also approved a "national agreement for the stabilization of the economy"--a wage and price control pact reached Thursday by the government, unions and industrialists to help bring down Israel's raging inflation. Despite a sharp fall in the monthly inflation rate to 3.