Word: earning
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Dates: during 1970-1979
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...wells, only two spills exceeded 50 bbl., the largest losing only 135 bbl. Besides, the oil revenues that could be realized even from a small reserve at Georges Bank are hard to turn down. Two decades of fishing might be worth $3.3 billion. Two decades of oil should earn about $7 billion at current prices. President Carter, whose standing among environmentalists dropped last month when he signed legislation to complete Tennessee's Tellico Dam, has quietly come out in favor of the drilling...
Still, the mid-field problems were never far from the surface during this streak. At one point Ford gave freshman Frank RiCapito a chance to earn a full-time job at center-half, but RiCapito's inexperience showed through as he had trouble reading the flow of the game...
...very big one. No squad can reasonably expect to challenge the country's swimming superpowers at the NCAA meet unless it is challenged consistently throughout the season. Likewise, the several potential Olympians on the Crimson squad need head-to-head competition with their peers if they are to earn the right to participate in next summer's Moscow Olympics...
Worse than the high interest rates is the sheer shortage of mortgage money. Usury laws in two dozen states limit interest rates to below 13%. Thus many banks and savings institutions have stopped making loans because it is impossible for them to earn any profit. Traditional lenders are also running short of cash because people are transferring funds from savings accounts to booming money market funds, which invest money in high-yielding securities and pay twice as much as passbook accounts. Perhaps three-quarters of the savings and loan associations in Chicago have stopped making mortgage deals...
Volcker's policy continues to earn raves abroad. The dollar's decline, which had precipitated the action, has been at least temporarily checked. Despite nervousness in world financial markets caused by events in Iran, the dollar has been strong for the past month. Typically, one Frankfurt banker says with a sigh of relief: "For the first time I can confidently see a stable rate for the dollar." Silver, platinum and copper markets, which had soared like comets in early October, have returned to some calm...