Word: leading
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Dates: during 1970-1979
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...Data Resources Inc., estimates that OPEC'S policies have been bloating the world's oil bill by $40 billion to $60 billion a year. Says he: "We need that cartel like we need a tourniquet around our necks. Any form of free competition is going to lead to a more balanced result...
Consumers will lead the way down. They are running out of cash, credit and savings; also, they will have to pay much more for oil-related goods and services as varied as food and rents (tractors and furnaces burn fuel). So consumers will be obliged to buy less of almost everything else, notably cars, appliances and other durable goods. Squeezed by tight money, the construction rate of new homes and apartments could go as low as 1.2 million by March. As demand wanes, businessmen will further reduce production and inventories. But by late fall or early winter, their shelves...
Throughout the region, there is a virtually unanimous belief that the current semblance of stability would be shattered by U.S. military intervention in Iran, regardless of the provocation. Says a political science professor in Kuwait: "It would lead to a direct explosion." The moral, in the words of a respected Beirut journalist: "If the U.S. ever considers military intervention, it had first better make sure that Arab governments are in control of their countries...
Throughout her visit, Thatcher repeatedly praised Carter and the American people for their restraint; Europe, after all, is concerned that U.S. patience may crack and lead to retaliatory action that would create even greater problems. "Our admiration," she said, "goes to the American people for their patience and wisdom and self-control," which of course was a plea for continued coolness...
...Justin and Sacha and the rest of Canada something that had been anticipated since Conservative Prime Minister Joe Clark's government lost a vote of confidence two weeks ago. With a general election scheduled for Feb. 18, three-time P.M. Trudeau was ending his brief political retirement to lead the Liberals once again. Before the campaign gets into gear, there is another urgent party matter: Christmas birthdays for both of Michel's brothers. Justin will be eight, Sacha...