Overinght on Economic Stabilization, Hearings Bifore the Subcommitte on Production and Stabilization of ..., 93-2 ..., January 30 and 31; February 1 and 6, 1974
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Page 106 - This is in contrast to the situation in the United States where agencies such as the Corps of Engineers exert a major influence in many States.
Page 476 - Counc; 1 advisory committee held since the issuance of that order has been for the express purpose of discussing a specific exempt document, and has been preceeded by the required finding, the utility of those committees to the Council has been severely limited. Tripartite committees under the stabilization program should be exempted from the Federal Advisory Committee Act.
Page 506 - Cooperated with labor, management, and government agencies to facilitate dispute settlement in 1973 while encouraging longer run dispute settlement machinery and procedures. The magnitude of the cooperative spirit which developed was reflected in the fact that very few appeals and requests for hearings resulted from initial Council resolution of disputed settlements, and only one lawsuit against a program decision resulted durina the year. • Worked with labor and management organizations in the...
Page 426 - If a wage stabilization program does not enjoy substantial support, participation and acquiescence from labor and management organizations, each work stoppage runs the danger of becoming a strike or lockout against the stabilization program and the government. A viable wage stabilization program requires some arrangement and understanding with labor and management leaders. The tripartite structure is essential to maintain continuing communications with labor and management, to gather and to analyze...
Page 446 - In addition, they reveal a greater willingness to dispense with controls altogether. Labor and Management The Labor-Management Advisory Committee unanimously adopted the following statement on July 10, 1973, in opposition to the continuation of wage and price controls: "The Labor-Management Advisory Committee is deeply concerned that there are tendencies for wage and price controls to be regarded as the solution to the problem of inflation. Indeed, there are some who strongly advocate and support...
Page 502 - Export controls were temporarily imposed on ferrous scrap to increase domestic supplies of this critical material input for iron and steel producers. • New regulations for the health industry were issued after a period for public comment. These regulations provide additional incentives for improved management by hospitals to reduce increased prices resulting from unnecessary increases in the intensity of health care. For more detailed information see Appendix K. A number of alterations were made...
Page 464 - Act of 1946 would be amended to make "price stabilization" an additional national goal and to create a Stabilization Board with a fixed number, (eg , seven public members) appointed by the President, with Senate confirmation, for terms comparable to those of the Federal Reserve System or the Federal Trade Commission. Their function would be to monitor price and wage movements in key sectors of the economy with the right to limit, after holding public hearings, prospective or actual price and wage...
Page 414 - WPI increase for the average of 1973 over the average of 1972 was 13.8 percent and the average CPI increase was 6.2 percent.) These price increases were the more disturbing since they were largely unforeseen and unexpected by all analysts regardless of economic or political persuasion. Both government and private forecasters were projecting 1973 inflation in the GNP deflator of about 3 percent.
Page 569 - The primary reason, however, relates to the fact that the basic nature of the industry - and the methods for financing and reimbursement - remain essentially unchanged. The independent inflationary potential remains, if anything, greater than before as the industry faces the prospect of longer term cost controls beginning under expanded national health insurance legislation.