Word: bitefuls
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...night. Texaco announced that its deliveries of home heating oil, diesel and tractor fuel to distributors this month will be 27% lower than in December last year. At that, the American shortages are mild compared with those in Europe, where bitter cold and record snowfalls are already worsening the bite. An economic study now being passed around among top officials of the Common Market calls a 1974 recession certain. Output in the nine countries will drop 2% to 3% next year, the study predicts, and unemployment will double, if not triple. If so, the Community will face the worst crisis...
...suddenly as the meeting began, had planned to scold Jews for their silence in the face of "the heinously immoral cesspool" of the Nixon Administration. But some delegates, nervous about U.S. aid to Israel, decided, as one of them put it, that it was "the height of folly to bite the hand that feeds us." Though the convention deplored Watergate as "a dangerous assault on constitutional liberties," it defeated resolutions calling for Nixon's impeachment or resignation...
Burke said the changes are being made to "bring the budget into line with the design," because inflation over the years since the corporation's fund-raising drive have taken a sizeable bite from the Library's construction fund...
Visible Targets. If the Arabs persist in their embargo, the emergency will bite Americans deeply in a month or so. Old routines in work and play will be disrupted, traveling will become a chore and the novelty of spartan indoor temperatures and reduced lighting will wear thin. Then the public will probably begin a search for scapegoats. The Administration will be high on everyone's list for its failure to foresee and prepare for the crisis. Oil companies will be another target of criticism, because they are so visible and profitable, and calls will rise for increased Government regulation...
...Cabinet, congressional leaders, business executives, Governors and mayors. He bantered with the Governors about football, asked Maryland's Governor Marvin Mandel what was wrong with the Baltimore Colts, and laughed at Mandel's reply: "They lack energy." Three times he told the Governors that the nation must "bite the bullet" to meet the crisis (see cover, ECONOMY & BUSINESS...