Word: programming
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Dates: during 1980-1980
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Late last summer, when MR&A met with representatives from Exxon's counterpart group, all the forecasters swapped stories about the energy future. Not surprisingly, the Exxon team perceived abundant demand and supply of petroleum generated through its synthetic fuels program, and less future need for electricity. Exxon's crude oil price forecasts for 1990, already made obsolete by the December 1979 price increases, strained the group's credibility. But the representatives brushed off charges of overly optimistic oil consumption forecasts and continued showing their charts and graphs. No hard feelings, of course: lunch time controversy focused on the dubious...
Still, up until early August, the details of the project were as shadowy as the plane was meant to be on a radar screen. All that was generally known was that the U.S. was working on some sort of radar-foiling aircraft, although aspects of the program had been quietly incorporated into the design of the operational SR-71 reconnaissance plane and the cruise missile. Then someone began leaking news on Stealth. Within five days, Aviation Week, ABC-TV and the Washington Post reported on the project. On Aug. 14, Post Reporter George C. Wilson wrote that President Carter...
...deliberately leaked "some of the most highly secret weapons information since the Manhattan Project" (which developed the atomic bomb), in order to make Carter look supervigilant on defense matters. Carter called the charge "cheap politics." He recalled, correctly, that it was his Administration that had classified the Stealth program in the first place, and claimed, very inaccurately, that the Administration had "been successful for three years in keeping the entire system secret." But he left most of the burden of replying to Brown...
...problems began, paradoxically, with a decision that was at first applauded. To avoid the unrest that had top pled his predecessor, Wladyslaw Gomulka, in 1970, recently ousted Party Chief Edward Gierek embarked on a crash program to modernize Polish industry. The first results were impressive. From 1971 to 1975 industrial output soared 70%, and real wages rose at an annual average...
...then Gierek's plan ran into a combination of bad luck and hurdles endemic in the Communist system. Recession in the West curbed appetites for Polish exports. Bad harvests forced Warsaw to buy increasing amounts of food abroad. Meanwhile, the government lost control of the development program and had to seek further loans, pushing its hard-currency indebtedness to a staggering $20 billion...