Word: accountants
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Dates: during 1970-1979
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...cover story was written from these detailed reports by Associate Editor George Russell, who was assisted by Betty Satterwhite, the chief researcher in the NATION section. We're particularly proud of this kind of article: a subtle, complex and human account of a special American experience...
Hispanics account for more than half of the city's population (207,000 out of 370,000), and the overwhelming majority of them are Cuban. They have given Miami, as Rum Maker Gerardo Abascal observes, "a spontaneity and boisterous flavor that it never had before...
...Nehring argues that for all the recent exploratory activity, the world's reserves can really be significantly increased only by additional recovery from known fields and by further discoveries of "supergiant" fields containing at least 5 billion bbl. of oil. The 33 known fields in this class account for more than half the world's oil reserves, but discoveries of new supergiants have dropped off. In the 1970s the oil companies have turned up only two fields with such potential: in Mexico and on the Iraq-Iran border...
...that are scarcely all in yet. All but 800,000 of the 3.2 million wells drilled to date have been sunk in just one country: the U.S. As recently as 1976, nearly 90% of all drilling activity was still concentrated in the U.S. and Canada, even though these nations account for only 14% of the world's estimated reserves. While the debate between the oil optimists and pessimists remains unresolved, it is clear that there is much more room for new exploration...
Because they flood the U.S. with everything from Sony TVs to nimble Kawasaki cycles and buy so little in return, the Japanese alone account for 40% of the nation's appalling trade deficit, which this year will rocket to a record $33 billion. In response to repeated American pleas for easier access to markets in the land of Hitachi and Datsun, the Japanese reply reproachfully: "But we are ready and eager to buy your goods. It is your fault for making no effort to sell to us." Last week a group of 100 U.S. businessmen, headed by Texas Instruments...