Word: hopes
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Dates: during 1970-1979
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Meanwhile, we at TIME hope you find the objects of art you dream of when you open your Christmas packages-and wish you the best for the holiday season...
...Oilmen have been drilling into the outer continental shelf since the mid-'50s, and the 20,000 wells they have sunk, mostly in the Gulf of Mexico, account for 14% of the nation's current domestic oil production and 23% of its gas. The next place they hope to develop as a major energy source is a tough one: the floor of the ice-jammed Beaufort Sea, about 275 miles above the Arctic Circle, off Alaska's nearly barren north coast...
...member of OPEC, the country doubled the price of its oil early this year and now charges a robust $34 per bbl., except for what is sold to Israel. Egypt reportedly agreed to sell oil to the Israelis at a price of roughly $27 per bbl. in the hope that this would encourage investment in Egypt by Jewish-American businessmen. Oil-exploration deals have been signed with a number of Western firms, and hopes are high that new strikes may be made in the Sinai, the Gulf of Suez and the Western Desert. Oilmen reckon that by 1982 Egypt...
...about 8% this year, the bulk of the country's 40 million people remain desperately poor, with an average income of under $300 (vs. $2,700 for Israel). In the past year, thousands of peasants have abandoned the land to jam into the already swollen cities in hope of sharing in a peace-bred boom. Thus unemployment is soaring at a time when inflation is hovering above...
...expertly guided through the city's busy streets by Joann Wernke, 24. In Seattle, how ever, Stapleton suggested that a local limo service was taking the wrong route by keeping it all in the family just a little too much: it hired only women. Said she: "I hope that's only transitional, because that's not the goal of feminism. The goal is to forget about it and regard everybody equally under...