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Consequently, one of New England Power Company's main generating units was overloaded, and power output had to be cut back by 75 per cent...
...energy board would consist of three members appointed by and responsible to the President. Their mission: cut red tape. The board would be empowered by Congress to select projects-the building of pipelines and refineries, the opening of coal mines-that it deemed essential to expand domestic fuel output. It then could waive procedural requirements for endless hearings imposed by a maze of environmental, safety and other laws, and set rigid deadlines for state and local authorities to give a yes-or-no answer on whether those projects would be allowed...
...vision of these projects is all the more appealing in light of the immediate economic gloom. The Commerce Department reported last week that the gross national output of goods and services dropped at a 3.3% annual rate during the second quarter, meaning that the recession has almost certainly begun. G. William Miller, the Treasury Secretary-designate, also warned that the energy aggravated slump would be deeper and longer than the mild slowdown of six to nine months that the Administration has so far forecast. Miller's projections: unemployment rising from last month...
Arikha is careful to impose these on his work. Each picture must be done in a day; there are no preliminary studies and, especially, no work from photographs, since photography and painting generalize in different ways. His object, brilliantly realized in some parts of his small and sharply edited output, is to make sight and formal deliberation fuse. The conjunctions within Arikha's work, its breadth of language and depth of feeling set off against its insecurity and self-questioning, make it unlike any thing done by an American figurative painter since Edward Hopper. So does its intelligence. Nothing...
While the President was at Camp David, his economic advisers made it official: the U.S. is in an inflationary recession. National output, they predicted, will shrink 0.5% this year; prices nonetheless will climb 10.6%, and the number of jobless may grow by 1.3 million, to around 7 million late next year. The inflation is being fanned and the recession worsened by large OPEC oil price boosts that underscore the debilitating U.S. dependence on imported petroleum. Carter was earnestly aware, if the people of the U.S. were not yet, that the nation must find some way to start breaking that dependence...