Word: marketeers
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Dates: during 1970-1979
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...seemed strange to be spending my nights in air-conditioned rooms in guesthouses," he said. "Refrigerators seemed to be working everywhere. Sometimes I even found a bottle of iced Vietnamese or Thai beer. But there was running water only in Phnom-Penh." Labbe observed a flourishing capitalist-style free market in food and in goods smuggled from Thailand. Cambodians who buried gold and jewelry during the Pol Pot regime have now disinterred their valuables in order to pay for the rice, clothing and household goods sold in the markets...
...existing buildings. He is developing an integrated energy system for large buildings that uses wind and photovoltaic cells for generating electricity, then recaptures waste heat from the cells for heating water. The imaginative Dubin has also conceived a vast underground heating and cooling system for Washington's Market Square Development complex...
...split developed this summer, when most OPEC members boosted their prices from $14.55 per bbl. to a full $23.50, but the Saudis chose to go to only $18. Soon even the $23.50 barrier was broken as members began selling single shipments of oil on the spot market for as much as $40-$45 per bbl. Several members have by now begun selling crude under long-term contracts for about $26 to $27.50 per bbl., inviting additional leapfrogging increases. By going to Caracas with their petroleum once again priced close to cartel levels, the Saudis will be able to argue that...
...could spend the next 20 years just keeping his $5 billion multinational growing in the tighteningly competitive auto market. He is busy now negotiating a deal with Renault to swap Swedish shares for French capital and front-wheel technology. But Gyllenhammar has a cause beyond cars. He is going through the world and warning that the industrial nations have a growing problem: "the mismatch between people and jobs...
...rating. Reason: the board planned to use some of the money to repay other borrowings, made in 1978. But the board had pledged to repay the 1978 notes from its own revenues, not by additional borrowing. Said one Wall Street analyst: "They naively thought the market wouldn't react negatively to the change...