Word: ago
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Dates: during 1970-1979
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...said that they intended to go no higher than $24. All in all, the rises add up to a big increase over the OPEC official maximum of $23.50 that had prevailed since summer, the $18 that Saudi Arabia, the cartel's leading producer, had posted until two weeks ago, and the $12.90 that OPEC averaged a year ago...
...pricing restraint but were effectively countered by profit-hungry producers led by Iran and Libya. They urged an increase to at least $30 per bbl., arguing that anything less would be silly since consuming nations have been willing to pay prices that would have seemed unthinkable a year ago...
Only a few years ago, the orthodox wisdom was that the U.S. would never suffer such hyperinflation, but that if it ever did, the whole economy would be shattered and the democratic political system would be endangered. Yet in 1979 the economy showed a remarkable resiliency and a resistance to deep recession. People learned to cope. They reduced their spending for gas-thirsty big cars and such little luxuries as hardcover books, records and tennis equipment. But they kept right on spending for other goods, particularly the high-quality and the durable, in part because they figured that almost everything...
...portable antiaircraft missiles and other sophisticated arms. Employing classic hide-and-seek guerrilla tactics, the "boys," as they are affectionately called by the villagers who harbor them, have achieved control over much of the countryside. On occasion they have even left the bush to strike in Salisbury: a year ago, a raiding party blew up a gasoline depot, destroying a month's supply of fuel...
...record $22,000. "We can see the day when a single photograph will fetch $100,000," says Philippe Garner, a Sotheby's photographic expert. Almost any object from the once scorned 19th century now seems as precious as Suez Canal Co. stock was in its heyday. Twenty years ago, a New York dealer reminisces, "people were giving away Victorian furniture for wood scrap." Today those otherwise indestructible pieces, long derided by the English as "chocolate" (they are Hershey brown), still cost less than glued-and-screwed contemporary furniture-but probably not for long: already a Victorian sleigh bed sells...