Word: big
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Dates: during 1970-1979
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...with hard-line hawks such as Iran, Libya, Nigeria and Algeria planning to charge a minimum of $28.50 per bbl. and perhaps $30 or even more, while other cartel members 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...
Many of TIME'S economists detect that the Administration is cutting big and small federal programs extremely sharply to hold down the budget deficit and take some heat away from rising prices. Still, Carter's aides are probably underestimating the size of the deficit. A recession would pull down tax receipts and increase federal spending on unemployment compensation, food stamps and other social programs. While the White House officially maintains that the 1980 deficit will be about $30 billion, some of TIME'S economists expect it to approach $50 billion. The problem will continue into fiscal...
...must be left unused for two years, to see if they can withstand the ice; moving ice packs could knock over the rigs, causing oil spills. Moreover, the companies will be allowed to drill only five to seven months each year, starting in November. Reason: at other times the big bowheads, which weigh as much as 45 tons, migrate through the sea, and environmentalists are afraid that the drilling might disturb their breeding and calving...
...under $10 billion. Sadat will not cut defense outlays ($1.4 billion this year) until the last of the Sinai is returned after 1982, so he must trim the huge subsidies ($1.7 billion) used to hold down the cost of food and fuel, a vestige of Nasser-era socialism. Despite big hikes in the cost of imported wheat (Egypt produces less than 30% of its needs), bread has been held to 1?; a loaf, the same as in the 1930s and a fifth of the real cost...
...Spielberg's 1941 is its budget: this film is the most expensive Hollywood farce ever made. Certainly money has its uses in movies, but in a comedy? A key element of humor is surprise; jokes are funniest when they sneak up on the audience out of nowhere. In big-budget film making, the opportunities for comic am bush quickly disappear. Every joke announces itself in deafening stereo sound. Every pratfall is as momentous as Cecil B. DeMille's parting of the, Red Sea. Punch lines cannot be thrown away, but are instead hurled like thunderbolts...