Word: annually
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Dates: during 1960-1969
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Because housing responds with glacial torpor to such conditions, the prospect is that fewer homes will go up next year than in 1966. At its annual convention in Chicago last week, the National Association of Home Builders forecast a 10% decline, to 1,100,000 starts. The Commerce Department ex pects a drop of as much as 14%, to something between 1,050,000 and 1,150,000 new units, in either case the lowest number of starts since...
When the 1964 Brazilian military coup ousted Leftist Joao Goulart and installed President Humberto Castello Branco, one of the country's most desperate needs was an infusion of private foreign capital. Goulart's free-spending ways had so fanned chronic inflation that the annual increase in the cost of living was nearly 150%. Foreign investors had started paring their spending plans. Many companies had contemplated shutting down and forgetting the whole thing; one, International Harves ter, did just that. Now, only 21 years later, a dramatic reversal is under...
...I.P.C., composed of French, British and U.S. partners, including Mobil and Jersey Standard, considers Syria's demands "fantastic." Syria wants its annual take increased by $15 million to $43 million; on top of that, it is asking for another $11 million a year over the next decade to make up for what it calls "faulty accounting" in I.P.C.'s past fee payments. When I.P.C. balked at the outrageous sums, Syria at first threatened to blow up the pipeline, then decided to seize it and force I.P.C. to run it under government supervision. As things stand, I.P.C. may have...
...Persian Gulf area may soon be paying more. Iran is demanding that its producers increase their output by 17.5% this year to boost its royalties to $625 million. Iraq wants production increased by 10% to bring its revenues to $372 million. Kuwait has decided that its $636 million annual take is not enough...
...world is divided into three unequal sectors. The largest consists of text-and reference books-chiefly encyclopaedias-which account for 50% of book sales and most of the industry's profits. Some firms devote themselves largely to this field. Qrqwell-Collier & Macmillan, one of the giants, does an annual business of $142 million. The second sector, where profits are just as reliable, is religious publishing; the Bible steadily sells 30 million copies a year...