Word: union
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Dates: during 1970-1979
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...above-ground method in which the shale is "distilled" in somewhat the same way that moonshiners extract alcohol from corn mash. After the shale is mined, the rock is crushed. Union Oil then moves shale chunks through a towering surface retort, where hot gases heat it to release the kerogen. Colony uses a different process: it cooks finely ground shale in giant drums by mixing the marl with superheated, marble-size ceramic balls that distribute the temperature evenly and vaporize the kerogen. The balls are then separated from the spent shale by a screen, reheated and used again...
Whatever extraction method is used, the investment will be enormous. Union's proposed 9,000-bbl.-a-day plant would cost $130 million; Occidental's 50,000-bbl.-a-day operation carries a $1 billion price tag. Colony's process, because of its size and capital investment, would be the most expensive: $1.5 billion to $2 billion...
...relation to Judaism; in Cincinnati. A Navy chaplain during World War II and the author of 17 books (including We Jews and You Christians, in which he examined the common roots of the two religions) Sandmel, a native Ohioan, lectured on Jewish literature at Vanderbilt University before joining Hebrew Union College-Jewish Institute of Religion in Cincinnati, where he taught for 26 years...
...Texas is already bitterly denouncing the Federal Reserve for "pouring gasoline on a fire in a misguided effort to put it out." He argues that high interest itself is a cause of inflation because it increases the cost of buying a new home or constructing a new plant. Builders Union President Robert Georgine warned that President Carter's pledge to his workers to "not fight inflation with your jobs" would be recalled, perhaps vengefully, by blue-collar voters in next year's primaries. Carter's chief economic adviser Charles Schültze and Treasury Secretary G. William...
...Vatican is plagued by galloping inflation and an increasingly high overhead. The major problem is the swollen staff of more than 3,000 which John Paul inherited from Paul VI, a born bureaucrat. Hard-pressed Vatican workers (typical clerk's pay: $150 a week) talk of forming a union. Out of charity for loyal veterans, John Paul wants to trim the payroll only through attrition. That means he needs more cash...