Word: bil
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Dates: during 1970-1979
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...delays run up the cost of building a reactor, as does the rocketing rise in interest rates on the money that utilities must borrow to build plants. One example: the estimated cost of Long Island Lighting Co.'s Shoreham, N.Y., plant has quintupled from $300 million to $1.5 bil lion during the ten years it has been under construction. Nuclear plants now operating produce electricity more cheaply than coal-fired power stations (1.50 per kw-h for nuclear in 1978, vs. 2.30 for coal), but the cost of finishing those now under construction will be so enormous that there...
...strong demand has pushed up prices for wheat, beef and other products, farmers have managed to stay well ahead of inflation. By the Agriculture Department's reckoning, total farm income rose an impressive 40% last year, to about $28 billion, not far below the 1973 record of $33 bil lion. A Government-financed on-farm grain storage pro gram launched in the fall of 1977 is helping to maintain this prosperity...
There are exceptions. Political Writer Richard Reeves earns more than $100,000 a year, Diplomatic Expert Tad Szulc makes about $80,000, and Sportswriter Bil Gilbert grosses more than $40,000. But the big moneymakers almost always have some kind of cushion. Reeves has, among other odd jobs, a regular Esquire column that guarantees him $50,000 a year; Szulc does books (twelve to date) as well as magazine work; Gilbert has a contract with SPORTS ILLUSTRATED that places a solid floor under his yearly income. Such props are essential. Says Literary Agent Scott Meredith: "There are no writers left...
...more basic reason for the dollar's plunge is a deepening quarrel between the U.S. and its trading partners, West Germany and Japan, over what to do about the soaring U.S. trade deficit. By year's end the deficit is expected to total a stunning $27 bil lion, nearly five times last year's figure. Both Japan and West Germany maintain that the deficit is the result of wanton U.S. consumption of imported oil and that Washington must adopt an energy program that reduces U.S. de pendence on OPEC. The Carter Administration argues that it is doing...
...first six months to 17,000 in the six months following the Soweto riots. Citing "unfavorable political developments in southern Africa," the government of Prime Minister John Vorster last month an nounced a tough new budget, with $640 million in new taxes (out of $8.9 bil lion) and record-breaking defense costs. A White Paper on defense, issued during the current session of parliament, calls for an expansion of the armed forces, an extension of the draft for white males (from one year to two), and voluntary recruitment of white women and black men. The need, concludes the report...