Word: outputted
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Whatever the personal feelings of reporters and editors, their output last week was enormous. Coverage, both in print and on the air, virtually enveloped the nation, reaching a high point on Thursday night and Friday...
More strikes threaten. Aerospace industry bargaining has just got under way. Later this year there will be contract talks covering 500,000 railroad workers. In November, just in time for winter, 80,000 mine workers will be seeking a new contract. They may try to hold down output so that supplies could fall perilously low and managements feel pressure to settle generously...
Somewhat belatedly a top Administration official conceded last week what many private economists have been saying for some time: the nation's output of goods and services is likely to show a decline for all of 1974. Testifying to the Congressional Joint Economic Committee, Kenneth Rush, the President's economic spokesman, predicted that during the year's second half the rate of expansion in real gross national product will probably fall below the 2% to 4% figure that had previously been forecast by the Administration. That would mean a drop in G.N.P. for the entire year. Economic...
...which two weeks ago announced that it will no longer auction its crude because offered prices were too low, the Saudis will accept whatever they are bid. The first auction will take place in August and could involve most of Saudi Arabia's share of Aramco's output. Initially the oil will probably sell for as much as $10 per bbl., but during later auctions the price could drop by as much as $2 per bbl. Big reason: the non-Communist world's oil production of 49.8 million bbl. daily has been outstripping consumption of 48 million...
...Organization of Petroleum Exporting Countries, most of which are eager for yet another boost. Algeria and Venezuela are considering cutting back production in an attempt to keep prices at their current levels. In Kuwait, the government recently beat back an attempt by some members of Parliament to slash daily output to 1.5 million bbl. from 2.5 million...