Word: product
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Dates: during 1980-1980
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National income, the rough equivalent of gross national product, is expected to drop by 3% in 1980, making Poland the first East bloc country to suffer two consecutive declines. Its hard-currency debt to the West has risen to $23 billion; servicing it requires about 80% of its export revenues. Exports are down, largely because coal production is running more than 5% behind projections. Poor weather and absurdly low government price ceilings-a major disincentive to farmers-have contributed to a 12% decline in agricultural output. "Queues existed before, but now we have no food at all," complained a worker...
...passed since OPEC, in a few short weeks of 1973 and 1974, began radically manipulating worldwide petroleum prices by increasing the cost of a barrel of crude from $2.41 to $10.95. Since then, oil-consuming countries have paid the oil producers a staggering $370 billion for the precious black product that is essential to industrial survival. Saudi Arabian Oil Minister Sheik Ahmed Zaki Yamani warns that oil could easily rise to as much as $60 per bbl. in the foreseeable future...
...sound that contrives to be both congenial and clammy, like a wet suede coat. In The Tide Is High, their current hit, they sound like a bunch of loaded reggae freaks who wake up in a Mexicali beer joint. As the title implies, this record is a machine-tooled product, but if Detroit had as keen an idea of its market as Blondie, there would be no need for federal subsidies...
Palmer, a product of Cambridge-based Bernal's Gators Swim Club, was the star of the meet as she captured three individual first places in the 1000-yd. freestyle, 200-yd. backstroke and 50-yd. backstroke. Palmer's time of 27.92 in the 50-yd. back was fast enough to qualify her for the AIAW National swimming championships next spring, and her time of 2:09.0 in the 200-yd. backstroke put her well under the Eastern Seaboard Championship cutoff...
...ultimate box is the product of Dr. Sven-Olof Lidholm, who had the idea for it 15 years ago while identifying victims of an airplane accident in Santa Cruz de Tenerife in the Canary Islands. It weighs 60 Ibs., about half as much as a wooden casket, but supports a weight of 800 lbs. Lidholm says that the cardboard one would be particularly useful after natural disasters. In southern Italy, many survivors of last month's earthquake were forced to bury relatives in coffins bought on the black market at high prices...