Word: need
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Dates: during 1970-1979
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...their monopolistic, price-propping has placed an enormous and continuing burden on oil consumers everywhere. Economist Otto Eckstein, president of 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...
...White House has been mulling over new initiatives that would cut imports without the need for congressional action. Proponents and opponents of various measures can agree on one key point: the U.S. has rarely had a better opportunity, or more need, to take energy action. Year after year, that action has been impeded by debate over which groups in the population, which regions of the country, should make the largest economic and environmental sacrifices. After Caracas, it was clear that unless the U.S. accepts some compromises that will cut its consumption of precious petroleum, the OPEC cartel will simply regroup...
...price controls, and that any attempt to do so would be disastrous. With the exception of Beryl Sprinkel, who figured that there is almost a 50% chance that the President will go for controls, most board members gave that prospect only a 20% to 40% chance. Carter first would need congressional authority and, as the debate raged on Capitol Hill, businessmen would rush to raise prices to get in under the wire. Further, board members argued, controls would not affect three major sources of price increases: OPEC; Federal Reserve Chairman Paul Volcker, who does so much to set interest rates...
...Communist Party and government leaders, high-ranking military commanders, honest Communists and nonParty people had suffered, though they were innocent." But since Stalin's death, the Party had "resolutely eradicated the consequences of the cult of personality." Still, Pravda called Stalin a "distinguished leader" who had supplied a "need for centralized leadership, iron discipline and extreme vigilance" during most of his reign...
...judge preside over the trial led to the disqualification of five judges. The prosecuting attorney was so upset that he burned one of his law books. "I don't have a judge," he exclaimed. "I figure if I don't have a judge, I don't need a law book!" Despite Farmer's efforts, his client wound up on death...