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Project officials have in the past stressed that the savings the plant is expected to produce depend on its "co-generation" of steam, chilled water and electricity in one facility...

Author: By George K. Sweetnam, | Title: Power Plant May Receive New Hearing | 2/11/1978 | See Source »

...that is routine in the West. If the U.S. expects to stay abreast of developments in these vast areas of the globe, it needs a sophisticated and sensitive intelligence apparatus. Says a former deputy director of the CIA: "Totalitarian countries can use naked power; an open society has to depend on its wits." On top of the normal tensions of national rivalry, there is now the added danger of international terrorism. The U.S. has escaped serious incidents so far, but it needs intelligence to help protect its allies from this latest scourge of political fanaticism...

Author: /time Magazine | Title: Shaping Tomorrow's CIA | 2/6/1978 | See Source »

...every American consumer is only too aware, the health and prosperity of the industrialized nations depend directly on the free flow of oil from the 13 OPEC nations. What most Americans do not realize is that the West's economic well-being is also indirectly dependent on the crude being pumped from wells in the Soviet Union. Reason: so delicate is the worldwide balance between supply and demand that a downturn in Soviet production could throw petroleum markets into chaos and set off skyrocketing price rises as a result of a punishing competition for existing supplies. On the other...

Author: /time Magazine | Title: ENERGY: Crucial Role for Red Oil | 2/6/1978 | See Source »

...consistent, coherent economic strategy. That mood of mistrust is dangerous, not just to Carter but to the nation. As the White House now clearly recognizes, consumer spending has done about all it can to prolong the U.S. economic expansion; continued growth in the next two or three years will depend largely on business spending for new factories, new machines and, ultimately, new jobs...

Author: /time Magazine | Title: Nation: Trying to Build Confidence | 1/30/1978 | See Source »

...buying up unwanted greenbacks to prop their price, but dipped a bit again at week's end, apparently because Carter's State of the Union speech failed to convince foreign moneymen that the Administration has a handle on the economy's problems. In the long run, dollar stability will depend on U.S. progress in reducing its gargantuan trade deficit of almost $30 billion?and not much progress is expected this year. Congressional passage of an energy bill?almost any energy bill ?would help by demonstrating American determination to cut oil imports, the biggest contributor to the deficit. A dollar...

Author: /time Magazine | Title: Nation: Trying to Build Confidence | 1/30/1978 | See Source »

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