Word: drag
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...January does not rank high among Boston's most tantalizing intellectual months. There are no names coming who are renowned enough to drag the Spartacus Youth League (or anyone else, for that matter) out of their hibernation to march and shout. But if a craving for listening to others talk comes over you this lecture-scarce reading period, try out one of the above...
...SCARIEST THING I ever saw was the night Elvin Anderson and Chuck Paxton decided to drag race. Which in itself wasn't so bad, but they were arguing about who was the quickest off the line, and they decided to race from the foot of the Elkview Bridge to the main highway, a distance later stepped off by the state police at 36 yards. They were going to come roaring up this little ramp-like section of road and Chuck was going to turn right, up U.S. 119 towards Clendenin, and Elvin was supposed to go left. Everybody came...
...other eleven countries will cost $12.70, reflecting an immediate 10% boost (the eleven propose to tack on another 5% on July 1). The two-tier price works out to about an 8% increase in the average price of oil imported by major consuming nations-enough to put a drag on the global economy. French President Valéry Giscard d'Estaing estimated that OPEC price boosts since 1973 have hit the French consumer as hard as a 50% hike in income taxes would have, and asked bitterly, "What would happen to a government that decided to increase income taxes...
...That would extend the expansion through eleven straight quarters, but the growth rate would not be as rapid as it has been at the same stage of recovery from past recessions. The anticipated slowdown in spending by business during the year's first half will be a big drag. The latest Government survey indicates that corporate expenditures for new plant and equipment, discounted for inflation, will show hardly any increase over the second half...
Trade Deficits. For the U.S., a 10% OPEC increase would inflate oil import costs by about $3.5 billion and add about 20 per gal. to the price of gasoline and other fuels. That would put a further drag on the already sluggish U.S. recovery, since an oil price hike, like a tax increase, reduces the amount of money consumers and businessmen have available to spend on other things. The impact of an OPEC boost will be muffled by the fact that the U.S. produces almost 60% of its oil, and most domestic oil is still under price controls...