Word: important
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Dates: during 1970-1979
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...simultaneously been afflicted by social and economic strains that have grown along with its wealth, which comes from its copious reserves of easily refinable "sweet" light crude oil. Largely because thousands of peasants have deserted their farms to seek bloated wages in booming Lagos, the country must now import much of its food; the capital itself has swelled to a sprawling, traffic-clogged metropolis...
...most popular brand in the U.S. is Perrier, a French import that comes in an elegant tear-shaped green bottle. Says Patrick Terrail, owner of Ma Maison in Los Angeles: "Perrier has become a cocktail in its own right." For the thirsty cosmopolitan there are also Contrexéville and Evian waters, the two bestsellers in France, West Germany's preferred Apollinaris and Gerolsteiner Sprudel, and Ferrarelle, one of Italy's favorites...
Financially, it is more attractive to build cars in the U.S. than to import them from West Germany; because of the high wages and constantly climbing value of the German mark relative to the dollar, the total hourly labor costs amount to about $13.60 in Germany, vs. only $9 at the Pennsylvania factory...
...once news of the mass resignations in the President's official family broke Tuesday afternoon, talk of import quotas, synthetic fuels and energy independence was drowned out by a new buzz of puzzled speculation. Early in the week congressional Democrats were talking about whooping through key parts of the President's program, including the windfall-profits tax on oil companies that is supposed to provide all the money for Carter's plans, before the legislators recess on Aug. 3 for four weeks. But by week's end they were making plain that Carter, and the nation...
Nearly all of the President's other plans are targeted on the year 1990. The goal for then is ambitious: to reduce imports by 4.5 million bbl. a day below present levels by a combination of production and conservation measures. Among the main proposals, ranked by estimated import savings...